Financing of microentreprises 2018Q3

Sustained growth in credit to very small businesses
At the end of September 2018, the outstanding amount of loans to micro-enterprises reaches € 276.0 billion, up by +7.7% year-on-year. In particular, the outstanding amount of equipment loans and real-estate loans continues to grow at a rapid pace (+6.2% and +8.8% respectively). With a much lower outstanding amount, treasury loans increase by + 8.4% year-on-year.
The total quarterly issuance of new loans amounts to €14.5 billion, down from €15.0 billion at end June 2018.
The average interest rate of loans with a unit amount of less than €250,000 remains under 2.0% (1.85%), still well below the level of the rates in other major euro area countries.

Loans to micro-enterprises : credit type breakdown
(Outstanding amounts, EUR billions)
Outstanding Yearly growth
Q3 2018 Q2 2018 Q3 2018
Micro-enterprises 276.0 7.2% 7.7%
Cash loans, including factoring 19.4 3.0% 8.4%
Investment loans 129.3 5.1% 6.2%
Real-estate loans 126.7 10.0% 8.8%
Micro-enterprises loans outstanding changes
(EUR billions)
Note : seasonally adjustment data for cash loans
Loans to micro-enterprises issuance
(Quarterly gross issuance, EUR billions)
Eurozone: Loans below €250,000 new issuances rate (%)
Source and design : Direction générale des statistiques
Additional information
In the survey the definition of micro-enterprises accounts for three criteria from the LME law, or instead, a turnover below € 2,000,000.
More information on: long time series, calendar, methodology
All statistical series released by Banque de France are available at Webstat Banque de France
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STAT INFO - September 2018
Micro-entreprise financing
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Financing of microentreprises
  • Published on 11/30/2018
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Published on Friday, November 30, 2018