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Consumer credits

Published on 03/22/2017
Acceleration of consumer credit to individuals
Consumer credit to households (individuals and sole traders) accelerates in France at +5.0% in December 2016, after +4.5% in September. Since the 2nd quarter of 2016, consumer credit to households increases at a higher pace in France than in the Euro area (+3.9% as at end December). Regarding individuals only, the acceleration is strong: +5.1% after +3.8% as at end September. It is driven by installment loans (+6.8%) and by leases (+29.6%). Conversely, revolving loans are still decreasing, although not as strongly as in the past. In France and Euro area, interest rates on revolving loans and installment loans stabilize.
Changes in outstanding consumer credit to individuals
France, EUR billions, seasonally-adjusted
2015 2016 Annual growth rate (2016)
June Sept. Dec. Mar. June Sept. Dec. Sept. Dec.
Total consumer credit to individuals 148,2 151,8 151,8 153,4 156,2 157,5 159.6 3.8% 5.1%
o/w Installment loans (including securitised loans) 101,8 104,7 104,7 105,6 107,6 109,8 111.8 4.9% 6.8%
Ordinary overdrafts 7,6 7,6 7,6 7,6 7,7 7,6 7.7 0.0% 1.3%
Revolving loans 20,2 20,0 19,8 19,8 19,7 19,6 19.6 -2.0% -1.0%
Leases 6,0 6,6 7,1 7,7 8,4 8,3 9.2 25.8% 29.6%
Annual growth in consumer credit to households
Annual growth rate in %, incl. securitized loans for France, excl. securitized loans for the other countries and the euro area
Interest rate on new revolving loans (narrowly-defined) by type of credit institution, France, %
Interest rate on new revolving loans by country (including overdrafts), %
Average interest rate on new installment loans (narrowly-defined), %
Average fees on new installment loans (narrowly defined), %
Distribution channels of revolving loans (excl. online banks and other types credit institutions)
France, share in the total outstanding amount of revolving credits
Additional information
The total outstanding amount of consumer credit to individuals includes the outstanding amount of securitised loans. Besides the specified or unspecified personal loans, the ordinary overdrafts and revolving loans, it includes installment loans, leases and credit card loans. Since December 2014, hire-purchase sales and specific-purpose personal loans are grouped together.. These amounts are adjusted for seasonal variations.

The annual growth rate of consumer credit represents the change in the outstanding amount of consumer credit to households, i.e. to individuals and sole traders. Given that there are no European data solely on loans to individuals, the comparison is made on that basis.

The average interest rates by country for revolving loans and overdrafts also include credit card loans and cover new loans to households and non-profit institutions serving households (NPISH).

The interest rates for installment loans to households and NPISH relates to new contracts, fixed rates only for the United-Kingdom, all rates for France and euro area. The average fees are obtained by calculating the difference between the annual percentage rate of charge and the narrowly defined effective rate on new personal loans to households and NPISH. The market shares of the different types of distributor network are calculated using the outstanding amount of revolving credit to individuals.
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STAT INFO - December 2016



Consumer credit

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Consumer credits
  • Published on 03/22/2017
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Published on Wednesday, March 22, 2017