Strong growth in credit to small businesses
At the end of June 2018, the outstanding amount of loans to micro-enterprises reaches € 267.3 billion, up by +6.3% year-on-year. In particular, the outstanding amount of investment loans continues to grow at a sustained or even very sustained pace: + 4.9% for equipment loans but +8.4% for real estate loans. From a much lower outstanding amount, treasury loans increase slightly over one year.
The total quarterly issuance of new loans amounts to €15.0 billion, up from €14.7 billion at end March 2018.
The average interest rate of less than €250,000 loans remains under 2.0% (1.86%) a level that is still significantly lower than in Germany (2.5%).
Loans to micro-enterprises : credit type breakdown
(Outstanding amounts, EUR billions)
|Cash loans, including factoring
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 the survey the definition of micro-enterprises accounts for three criteria from the LME law, or instead, a turnover below € 2,000,000.
Download the PDF version of this
Financing of microentreprises
Published on Friday, August 31, 2018