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Loans to non financial corporations 2017Oct

Published on 11/28/2017
Loans to non-financial corporations accelerate again
Loans to non-financial corporations accelerated again in October, their annual growth rate reaching +6.0% (up from +5.5% in September and 5.0% in August). This acceleration concerns the main categories of loans: equipment loans (+8.3%, up from +7.7% in September), real estate loans (+4.3%, up from +3.8%) and treasury loans (+5.1%, up from +4.4%).

Outstanding amounts and annual growth rate (not seasonally adjusted)
(Outstanding amounts in EUR Bn, annual growth rate in %)
End-of-month level Annual growth rate
Oct- 2017 Aug-2017 SEP- 2017 Oct- 2017
Total 954 5.0 5.5 6.0
Investment 670 5.8 6.1 6.6
Equipment 400 7.4 7.7 8.3
Real estate 270 3.6 3.8 4.3
Treasury 226 3.0 4.4 5.1
Other lending 58 3.3 3.5 2.3
Monthly changes in stocks of investment loans (seasonally adjusted flows)
(Monthly flow in EUR Bn)
Monthly changes in stocks of treasury loans (seasonally adjusted flows *)
(Monthly flow in EUR Bn)
* Seasonal adjusted monthly net flows of other lending to NFC are allocated to treasury loans in proportion to the outstanding amounts.
Additional information
Non-financial corporations include all companies whose main activity is the production of goods and non-financial services, excluding sole proprietor and unincorporated partnerships.
Calculations are made with the aim to give the best possible image of the evolution of the lending activity. Loans that have been securitized or sold by credit institutions are considered as remaining in their books. Accounting changes that are not reflecting economic transactions, in particular write-offs/write-downs, are eliminated as the impact of statistical modifications in the scope of the MFI sector (e.g. the reclassification of an entity from the non-financial corporations sector to the government sector). As FX hedges are unknown, loans in foreign currencies can however only be taken into account at their value in Euros at the end of the considered month.
More information on time series, calendar, methodology

All statistical time series published by the Banque de France can be accessed on Webstat Banque de France

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STAT INFO - October 2017

Loans to non-financial corporations

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Loans to non financial corporations
  • Published on 11/28/2017
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Published on Tuesday, November 28, 2017