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Consumer credits 2017Q1

Published on 06/22/2017
Further acceleration of consumer credit to individuals
Consumer credit to individuals accelerates in France at +5.5% in March 2017, after +5.1% in December 2016. It is mainly driven by installment loans (+6.8%) and by leases (+23.5%). Conversely, revolving loans are still decreasing.
Additionally, consumer credit to households increases at a higher pace in France than in the Euro area (+5.2% versus +4.5% at the end of March 2017). Finally, in France and Euro area, interest rates on installment loans and revolving loans are stable.
Changes in outstanding consumer credit to individuals
France, EUR billions, seasonally-adjusted
Annual growth rate
Sep. 2015 Dec. 2015 Mar. 2016 June 2016 Sep. 2016 Dec. 2016 Mar. 2017 Dec. 2016 Mar. 2017
Total consumer credit to individuals 151,7 152,0 153,4 156,1 157,5 159,7 161,8 5.1% 5.5%
o/w Installment loans (including securitised loans) 104,6 104,8 105,6 107,7 109,8 111,8 112,8 6.7% 6.8%
Ordinary overdrafts 7,7 7,6 7,6 7,7 7,6 7,7 8,0 1.5% 5.5%
Revolving loans 20,0 19,8 19,8 19,7 19,6 19,6 19,4 -1.3% -1.9%
Leases 6,6 7,1 7,7 8,4 8,3 9,2 9,5 29.5% 23.5%
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 (narrowly-defined) rate on new installment loans, %
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.

Households consist of individuals and sole traders. Given that there are no European data solely on outstanding amounts of loans to individuals, the comparison of credit growth is made on the basis of households.

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, at fixed rates only for the United-Kingdom, at all rates for France and euro area. The average fees are obtained by calculating the difference between the annual percentage rate of charge (APRC) and the narrowly defined effective rate (NDER) 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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Consumer credit

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Consumer credits
  • Published on 06/22/2017
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Published on Thursday, June 22, 2017