Robust growth in credit to micro-enterprises
At the end of December 2019, the outstanding amount of loans to micro-enterprises reaches € 306.8 billion, up by +7.9% year-on-year. In particular, the outstanding amount of treasury loans, equipment loans, and real-estate loans continues to grow at a rapid pace (+1.2%, +8.4% and +8.4% respectively).
The total quarterly issuance of new loans amounts to €20.0 billion, up from €17.4 billion in the third quarter of 2019.
The average interest rate of loans with a unit amount of less than €250,000 remains under 2.0% (1.69%), still well below the level of the rates in other major euro area countries.
Loans to micro-enterprises : credit type breakdown
(Outstanding amounts, EUR billions)
|Treasury loans, including factoring
|Real estate loans
Micro-enterprises loans outstanding changes
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
In this data collection micro-enterprises are characterized by the criteria of the 2008 LME law - legal units excluding self-employed entrepreneurs with less than 10 employees, and which have an annual turnover or balance sheet total not exceeding 2 million euros - or by default, by a turnover not exceeding 2 million euros.
Micro-enterprises are part of small and medium-sized enterprises (SMEs).
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Financing of microentreprises
Published on Friday, February 28, 2020