Loans by size of firms 2020Aug

  • At the end of August 2020, the outstanding amount of drawn credit reaches 1,171.7 billion euros, up by +12.5% year-on-year, after a rise of +11.8% between July 2019 and July 2020.
  • Credit growth stands at +18.1% for SMEs, +10.0% for intermediate-sized companies and +6.5% for large companies. The credit growth to SMEs is mainly driven by the exceptional system of State-guaranteed loans.
  • The growth of credit is especially driven by the accommodation and food service activities (+28.7%, based on an outstanding amount of 43.3 billion, i.e. 6% of the whole outstanding amount of loans excluding real estate), the advisory and business support activities (+26.5%) and transportation and storage (+23.8%). The weakest growth, in relative meaning, is reported in agriculture, forestry and fishing (+5.1%) and real estate activities (+5.9%).
  • The average interest rate on new loans to NFCs over 1 million euros falls by 14 basis points in August 2020 (0.94%, down from 1.08% in July and June). The average interest rate on loans up to 1 million euros reaches 1.30%, after 1.20% in July.
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
Aug. 20 Aug. 20 Aug. 20/Aug. 19 July 20/July 19
SME 1,273,809 509.1 18.1 17.3
ISE 6,077 301.5 10.0 9.3
Large Firms 287 170.0 6.5 5.5
(exc. non-trading real estate companies and others)
1,280,173 980.7 13.4 12.5
non-trading real estate companies and others (see Additional) 615,105 191.0 8.1 8.0
All enterprises 1,895,278 1,171.7 12.5 11.8
(*) 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
Aug. 20 Aug. 20/Aug. 19 Aug. 20 Aug. 20/Aug. 19
Agriculture, forestry and fishing (AZ) 57.7 5.1 65.4 4.4
Industry (BE) 150.5 14.0 255.0 14.2
- inc. Manufacturing (C) 116.5 14.9 194.6 14.8
Construction (FZ) 68.0 18.6 104.4 18.2
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 170.8 14.9 240.8 17.4
Transportation and storage (H) 45.2 23.8 57.6 22.8
Accommodation and food service activities (I) 43.3 28.7 48.2 25.6
Information and communication (JZ) 26.7 19.4 49.5 -0.3
Real estate activities (LZ) 454.1 5.9 497.7 5.5
Advisory and Business support activities (MN) 78.0 26.5 100.2 21.7

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
55.2 14.8 62.7 13.5
Holdings 22.2 25.8 27.4 32.0
Total 1,171.7 12.5 1,508.9 12.2
Interest rates on new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
Aug. 2019 Mar-2020 Apr- 2020 May-2020 Jun-2020 juil. 2020 (a) Aug-2020 (b)
- loans < or = 1 million euros 1.56 1.58 0.78 0.62 0.93 1.20 1.30
- loans > 1 million euros 1.36 1.18 1.00 0.86 1.08 1.08 0.94
(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 :
Outstanding amounts of credit to micro-enterprises (incl. sole proprietors), come from another data collection and are available at the following address:

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 - August 2020
Loans by size of firms

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Loans by size of firms
  • Published on 10/08/2020
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Published on Thursday, October 8, 2020