Financing of microentreprises 2018Q4

Continued growth in credit to very small businesses
At the end of December 2018, the outstanding amount of loans to micro-enterprises reaches € 281.7 billion, up by +9.1% year-on-year. In particular, the outstanding amount of equipment loans and real-estate loans continues to grow at a rapid pace (+7.0% and +11.0% respectively). With a much lower outstanding amount, treasury loans increase by + 11.4% year-on-year.

The total quarterly issuance of new loans amounts to €18.0 billion, up from €15.0 billion at the end of September 2018.
The average interest rate of loans with a unit amount of less than €250,000 remains under 2.0% (1.71%), 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
Q4 2018 Q3 2018 Q4 2018
Total loans 281.7 7.7% 9.1%
Treasury loans, including factoring 19.2 8.4% 11.4%
Equipment loans 130.6 6.2% 7.0%
Real estate loans 131.9 9.1% 11.0%
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 - December 2018
Micro-entreprise financing
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Financing of microentreprises
  • Published on 02/28/2019
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Published on Thursday, February 28, 2019