Loans by size of firms 2021Jun

Credit growth remains robust
  • At the end of June 2021, loans mobilized by companies reached 1211.1 billion euros, up + 4.1 % over one year, after an increase of + 4.9 % at the end of May. Over two years, the growth rate was 16 % compared to June 2019 against 16.3 % compared to May 2019.
  • The credit to large companies and ISEs continues to decline over one year: for LEs -4.5 % in June 2021 against -7.3 % in May 2021 and for ISEs - 0.9 % in June 2021 against - 0.2 % in May 2021. This movement corresponds to the evolution of credit after the outbreak of the COVID crisis, ISEs and LEs had drawn heavily on their credit lines from March 2020, but much less afterwards, so that over two years, credit growth rates remain at 3.6 % for LEs and 8.5 % for ISEs. For SMEs, the slowdown of credit growth (+ 8.4 % in June 2021 compared to + 11.2 % in May 2021), also comes from a base effect, outstanding bank loans having increased significantly, especially from April 2020, fueled by the dissemination of government guaranteed loans (PGE). Over two years, credit growth rates remain very high for SMEs at 24.9 %.
  • The growth of credit is especially driven by the information and communication (+ 14.1 %), the accommodation and food service activities (+ 10.3 %) and the advisory and business support activities (+ 7.2 %). The weakest growth is reported in wholesale and retail trade (- 3.9 %) and credit growth remains stable in industry (+ 0.1 %).
  • The rate on new loans up to EUR 1 million is stable at 1.31 %. The rate on new loans of more than EUR 1 million increases by 7 basis point to 1.33 % (up from 1.26 % in May).
Outstanding amounts of loans to resident enterprises by size (*)
(Outstanding amounts in EUR Bn, annual growth rate in %)
Drawn credits
Number of enterprises (**) Outstanding
amounts
Annual growth rate
Jun-2021 Jun-2021 June-21/June-20 May- 21/May- 20 June-21/June-19 May- 21/May- 19
SME 1,311,890 528.4 8.4 11.2 24.9 25.1
ISE 6,401 317.3 -0.9 -0.2 8.5 9.1
Large Firms 285 163.0 -4.5 -7.3 3.6 4.9
Total
(exc. non-trading real estate companies and others)
1,318,576 1,008.8 3.1 4.1 15.5 16.1
non-trading real estate companies and others (see Additional) 639,872 202.3 9.6 8.8 18.4 17.4
All enterprises 1,958,448 1,211.1 4.1 4.9 16.0 16.3
(*) 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 Two-year growth rates Outstanding amounts Annual growth rates
June-21 June-21/June-20 June-21/June-19 June-21 June-21/June-20 June-21/June-19
Agriculture, forestry and fishing (AZ) 59.4 5.5 10.0 67.5 5.0 9.6
Industry (BE) 149.6 0.1 14.2 250.6 -1.7 16.9
- inc. Manufacturing (C) 118.5 1.6 15.5 190.2 -3.2 17.2
Construction (FZ) 67.5 2.7 20.3 101.8 1.2 17.1
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 170.6 -3.9 9.1 240.5 -2.6 10.5
Transportation and storage (H) 56.2 0.3 12.3 71.7 -1.4 13.8
Accommodation and food service activities (I) 47.1 10.3 38.6 51.6 8.3 33.2
Information and communication (JZ) 30.1 14.1 32.6 55.5 7.5 14.9
Real estate activities (LZ) 469.3 6.5 13.5 515.9 6.9 13.5
Advisory and Business support activities (MN) 81.6 7.2 31.6 104.8 6.8 29.6

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
59.0 6.4 18.1 68.9 9.7 21.3
Holdings 20.9 23.1 43.6 24.8 25.4 54.1
Total 1,211.1 4.1 16.0 1,553.7 3.4 16.1
Interest rates on new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
Jun-2020 Jan- 2021 Feb- 2021 Mar-2021 Apr- 2021 May-2021 (a) Jun-2021 (b)
- loans < or = 1 million euros 0.93 1.28 1.27 1.32 1.30 1.31 1.31
- loans > 1 million euros 1.08 1.25 1.25 1.38 1.44 1.26 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 2021
Loans by size of firms

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Loans by size of firms
  • Published on 08/10/2021
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Published on Tuesday, August 10, 2021