Loans by size of firms 2019Jun

Credit growth continues in all business sectors
  • The outstanding amount of drawn credit reaches 1,032.5 billion euros at end June 2019. It increases by + 6.5 % over a year, after + 6.4 % between May 2019 and May 2018.
  • Further credit growth to large firms continues (+8.1% over a year, after +6.4% in May), whereas credit growth to mid-caps is less strong (+4% year-on-year in June 2019, after +4.8% in May). It remains stable and sustained for SMEs (+6.5%).
  • The increase in the outstanding amount of drawn credit concerns all the sectors. It is particularly strong for the information and communication activities, where it stands at 10.7% over a year, in the advisory and business support activities (+9%), and in the industrial sector (+8.6%). The sectors with the lowest increases are wholesale and retail trade (+4%) and agriculture, forestry and fishing activities (+4.1%).
  • The average interest rate on new loans to NFCs increases very slightly in June 2019 for loans over EUR 1 million (1.33%, up from 1.31% in May 2019). It decreases by 3 basis points for loans up to EUR 1 million (1.62%, down from 1.65% in May 2019).
Outstanding amounts of loans to resident enterprises by size (*)
(Outstanding amounts in EUR Bn, annual growth rate in %)
Number of enterprises (**) Outstanding amounts Drawn credits

annual growth rate
Jun-2019 Jun-2019 Jun-2019/Jun-2018 May-2019/May-2018
SME 1,117,135 429.2 6.5 6.4
ISE 6,451 280.2 4.0 4.8
Large Firms 284 146.7 8.1 6.4
Total
(exc. non-trading real estate companies and others)
1,123,870 856.0 6.0 5.9
non-trading real estate companies and others (see Additional) 593,609 176.5 9.5 9.1
All enterprises 1,717,479 1,032.5 6.5 6.4
(*) inc. sole proprietors
(**) LME definition, with loans outstanding amounts above 25000 euros
Outstanding amounts of loans to resident enterprises by type of credit and by sector
(Outstanding amounts in EUR Bn, annual growth rate in %)
Drawn credits Drawn and undrawn credits
Outstanding amounts Annual growth rates Outstanding amounts Annual growth rate
Jun-2019 Jun-2019/Jun-2018 Jun-2019 Jun-2019/Jun-2018
Agriculture, forestry and fishing (AZ) 54.3 4.1 62.0 4.0
Industry (BE) 137.5 8.6 224.6 6.9
- inc. Manufacturing (C) 109.9 8.5 173.6 6.4
Construction (FZ) 53.9 5.1 84.0 10.0
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 138.8 4.0 192.6 3.9
Transportation and storage (H) 45.0 5.3 57.8 3.2
Accommodation and food service activities (I) 31.1 6.6 35.4 6.7
Information and communication (JZ) 21.7 10.7 47.2 28.2
Real estate activities (LZ) 416.7 6.2 458.0 6.4
Advisory and Business support activities (MN) 62.1 9.0 82.7 8.1

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
48.6 4.8 55.3 4.4
Holdings 22.7 25.0 29.5 22.8
Total 1,032.5 6.5 1,328.9 7.1
Interest rates on new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
Jun-2018 Jan- 2019 Feb- 2019 Mar-2019 Apr- 2019 May-2019 (a) Jun-2019 (b)
- Credits < or = 1 million euros 1.69 1.68 1.67 1.65 1.66 1.65 1.62
- Credits > 1 million euros 1.41 1.33 1.47 1.51 1.52 1.31 1.33
(a) Revised
(b) Provisional
Outstanding amounts of credit
(drawn credit, in EUR Bn (*))
(*) see Additional information
Additional information
The outstanding amounts of credit in this publication are those collected by the central credit register, i.e. of a unit amount of more than 25,000 euros. These outstanding amounts include drawn credits, which means those actually used, and the undrawn credits, unused lines of credit. Individual data are grouped according to the size (larges firms, intermediate-sized enterprise - ISE and small and medium-sized enterprise - SME) and the sector of businesses. Businesses that cannot be assigned in a size category according to the criteria of the LME (Loi de Modernisation de l'économie) are included in the category "non-trading real estate companies and others".

Additional data on SMEs, interest rates by size of enterprises, and share of less than 3 year old enterprises (excl. sole proprietors) in the total of enterprises, are available at the following address:
http://webstat.banque-france.fr/fr/browse.do?node=5384417

Outstanding amounts of credit to micro-enterprises (incl. sole proprietors), come from another data collection and are available at the following address:
http://webstat.banque-france.fr/fr/browse.do?node=5384934

Non-financial corporations include all enterprises with as main activity the market production of goods and non-financial services, excluding sole proprietors.

Interest rates in this publication are those to new credits distributed by resident credit institutions to French non-financial corporations. The interest rates are effective rates in the narrow sense. They correspond to the interest component of the Annual Percentage Rate (TEG).
More information on methodology time series calendar
All statistical time series published by the Banque de France can be accessed on
Webstat Banque de France
STAT INFO - June 2019

Loans by size of firms

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Loans by size of firms
  • Published on 08/12/2019
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Published on Monday, August 12, 2019