Loans by size of firms 2022Jul

Credit to SMEs remains robust

  • At the end of July 2022, loans mobilized by businesses reaches EUR 1,285.9 billion, up +5.8% over one year, after an increase of +4.9% at the end of June 2022.
  • Credit growth is up regardless of company size, notably with a +5.7% increase for SMEs in July 2022 compared with +4.9% in June 2022.
  • The growth of the outstanding loans is notably carried by the whole of the industries (+8.4%, although in reduction for the manufacturing industry, - 1.1%), the sector of the real estate activities (+ 7.6%) and the advisory and business support activities (+ 7.5%). On the other hand, outstanding loans are down for the accommodation and catering sector (-1%).
  • The interest rate on new loans of up to 1 million euros increases from 1.60% in June to 1.90 % in July. In opposite, the interest rate on loans of more than 1 million euros decreases by 4 basis points and reach 1.64 % in July after being of 1.68 % in June.
Outstanding amounts of loans to resident enterprises by size (*)
(Outstanding amounts in EUR Bn, annual growth rate in %)
Drawn credits
Number of enterprises (**) Outstanding
Annual growth rate
July 22 July 22 July 22 / July 21 June 22 / June 21
SME 1,311,537 548.5 5.7 4.9
ISE 7,328 341.3 2.5 1.8
Large Firms 288 174.9 7.2 4.9
(exc. non-trading real estate companies and others)
1,319,153 1,064.7 4.9 3.9
non-trading real estate companies and others (see additional information) 672,892 221.2 10.4 10.2
All enterprises 1,992,045 1,285.9 5.8 4.9
(*) 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 Annualg growth rates
July 22 July 22 / July 21 July 22 July 22 / July 21
Agriculture, forestry and fishing (AZ) 61.5 2.6 70.9 4.3
Industry (BE) 163.6 8.4 259.0 4.4
- inc. Manufacturing (C) 116.8 -1.1 183.4 -1.1
Construction (FZ) 70.5 3.9 109.8 6.8
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 179.7 4.3 256.0 5.3
Transportation and storage (H) 58.5 0.5 74.6 3.5
Accommodation and food service activities (I) 48.5 -1.0 53.4 -0.4
Information and communication (JZ) 28.2 1.5 52.1 2.2
Real estate activities (LZ) 504.7 7.6 557.2 8.0
Advisory and Business support activities (MN) 90.1 7.5 114.9 3.8

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
59.0 0.3 68.6 -0.2
Holdings 21.6 21.5 26.4 5.3
Total 1,285.9 5.8 1,642.8 5.4
Interest rates on new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
Jul-21 Feb-22 Mar-22 Apr-22 May-22 Jun-22 (a) jul-22 (b)
- credits< or = 1 million euros 1.36 1.36 1.39 1.46 1.53 1.60 1.90
- credits> 1 million euros 1.49 1.42 1.18 1.17 1.41 1.68 1.64
(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 with a unit amount of more than 25,000 euros identified under the Anacredit data collection (see Regulation ECB/2016/13) and supplemented by the bank collections, Article L141-6 and Article 144-1 paragraph 2 of the Monetary and Financial Code: These outstanding amounts include drawn credits, which means those actually used, and the undrawn credits, unused lines of credit. Individual data is grouped according to the size (larges firms - LFs, intermediate-sized enterprises - ISEs and small and medium-sized enterprises - SMEs) 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 - July 2022
Loans by size of firms

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Loans by size of firms
  • Published on 09/08/2022
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Published on Thursday, September 8, 2022