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Financing of microentreprises 2017Q4

Published on 02/28/2018
Sustained growth for loans to very small enterprises
Over one year, loans to very small enterprises (or micro-enterprises) rose by 4.9 % to reach € 257.2 billion.
Equipment loans and real-estate loans still increased at a rapid pace (4.4 % and 5.9 % respectively). By contrast, treasury loans were stable over one year.
Quarterly loans gross issuance remained largely positive, amounting to €14.9 billion compared with €13.7 billion in the third quarter of 2017.
The average interest rate on loans below €250,000 remained under 2.0% (1.87%), well below the levels in other major euro area countries.
Loans to micro-enterprises : credit type breakdown
(Outstanding amounts, EUR billions)
Outstanding Yearly growth
Q4 2017 Q3 2017 Q4 2017
Micro-enterprises 257.2 5.0% 4.9%
Cash loans, including factoring 17.2 -5.0% 0.0%
Investment loans 122.0 5.3% 4.4%
Real-estate loans 117.6 6.1% 5.9%
Micro-enterprises loans outstanding changes
(EUR billions)
Note : seasonally adjustment data for cash loans
Loans to micro-enterprises issuance
(Quarterly gross issuance, EUR billions)
Eurozone: Loans below €250,000 new issuances rate (%)
Source and design : Direction générale des statistiques
Additional information
In the survey the definition of micro-enterprises accounts for three criteria from the LME law, or instead, a turnover below € 2,000,000.
More information on: long time series, calendar, methodology
All statistical series released by Banque de France are available at Webstat Banque de France
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STAT INFO - December 2017
Micro-entreprise financing
Contact: Contact Stat Info

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Financing of microentreprises
  • Published on 02/28/2018
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Published on Wednesday, February 28, 2018