Loans to the households, France 2020Feb

  • Monthly new housing loans stands at 26 billion euros (seasonally adjusted data). Outstanding amounts continued to grow (+7.1%) due to the time lag between implementation dates and signature dates (see method details below).
  • After nine consecutive months of decline in 2019, the average interest rate on housing loans has stabilized since December (1.19% in February).
Outstanding amounts and annual growth rates (without seasonal adjustment)
(Outstanding amounts in EUR Bn, annual growth rate in %)
End-of-month level Annual growth rate
Feb- 2020 Dec- 2019 Jan- 2020 Feb- 2020
Total 1,310 6.6 6.7 6.8
Lending for house purchase 1,089 6.8 7.0 7.1
Credit for consumption 188 5.5 5.2 5.3
Other lending 33 4.4 4.3 5.5
Monthly flows of housing loans (with seasonal adjustment)
(Changes in stocks in EUR Bn, adjusted for sales and securitization and write-offs/write-downs)
Share of renegotiation of new property loans
(New property loans seasonally adjusted, in € Bn and in %)
Production of new loans (excluding overdrafts, monthly flows seasonally adjusted (a))
(in EUR Bn)
SEP- 2019 Oct- 2019 Nov- 2019 Dec- 2019 Jan- 2020 Feb- 2020
- loans for consumption purposes (b) 5.8 5.7 5.8 6.1 6.2 5.9
- housing loans 22.1 23.9 24.1 23.8 23.5 25.1
of which housing loans excluding renegotiations 16.9 17.7 17.2 17.8 16.9 17.8
- proportion of renegotiation (not seasonally adjusted) in % (c) 23.6 26.0 28.7 25.4 28.0 29.3
Interest rates on new loans (narrow defined effective rate, monthly average)
(in %)
SEP- 2019 Oct- 2019 Nov- 2019 Dec- 2019 Jan- 2020 (e) Feb- 2020 (f)
- housing loans long term and fixed rates 1.27 1.23 1.20 1.17 1.17 1.19
- housing loans short term and floating rates 1.36 1.38 1.29 1.29 1.30 1.27
- loans for consumption purposes (b) 3.55 3.68 3.75 3.52 3.75 3.84
- overdrafts for individuals (d) 5.69 5.54 5.70 5.29 5.48 5.74
(a) Parameters for seasonal adjustment are updated each month, taking into account monthly data under review.
(b) Excluding revolving loans.
(c) Ratio of renegotiated loans on housing loans, both not seasonally adjusted
(d) Overdrafts: negative balance of ordinary accounts + commercial credits + factoring + cash credits without fixed repayment schedule (including mobilization of revolving loans).
(e) Revised data.
(f) Provisional data.
Interest rates on housing loans, all maturities
(Narrowly defined effective rate, average weighted by long and short term flows, in %)
Additional information
Only loans granted to individuals (households excluding sole proprietors and unincorporated partnerships) by resident monetary financial institutions are presented here.
The outstanding growth rates are calculated by correcting accounting modifications that do not reflect economic changes. In particular the accounting derecognition of loans from the MFI's statistical balance sheet due to their sale, securitization or write-offs/write-downs is corrected. Conversely, exchange rate effects are taken into account without any change.
Monthly growth rates are those of new loans agreed, i.e. disbursed. It should not be considered as an indication for identifying any inflection point in loans' granting policy, since a delay is observed between the acceptance of the loans and its effective disbursement.
The weighted average rates and new business volumes are calculated according to the harmonized definitions of the Eurosystem. Published rates are the narrowly defined effective rate (NDER). They correspond to the interest component of the Annual Percentage Rate of Charge (APRC). Renegotiated loans also include mortgage repurchases.
The production of the new loans represents the new granted loans, even when they are not actually remitted to the borrower. This method, which is common to all Eurosystem central banks, allows having an advanced indicator of loans production, which is useful particularly for economic analysis.
More information on: time series, calendar, methodology

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STAT INFO - February 2020
Loans to individuals
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Loans to the households, France
  • Published on 04/02/2020
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Published on Thursday, April 2, 2020