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Loans by size of firms 2017Nov

Published on 01/15/2018
Enterprises' credit growth remains robust
  • At end-November 2017, the outstanding amount of drawn credit reaches 940.2 billion euros, increasing by 5.4 % over a year, after 5.2 % in October.
  • By category of enterprises, the figures are + 3.8 % for SMEs, + 5.8 % for ISEs and + 3.9 % for LFs.
  • The increase in the outstanding amount of drawn credit concerns the majority of sectors. It stands at 9.5% over a year in the industry sector, 4.7 % in advisory and business support activities, and 3.5 % in wholesale and retail trade. By contrast, the outstanding amount of drawn credit falls in the construction and in the information and communication sector by 0.9 % and 2.2 %, respectively.
  • The average interest rate of new loans decreased in November for loans with a unit amount of more than EUR 1 million (1.35 %, down from 1.44 % in October) and was almost stable for the ones with a unit amount of less than or equal to EUR 1 million (1.70 %, down from 1.71 %).
Outstanding amounts of loans to resident enterprises by size (*)
(Outstanding amounts in EUR Bn, annual growth (***) rate in %)
Number of enterprises (**) Outstanding amounts Drawn credits

annual growth rate
Nov- 2017 Oct- 2017 Nov- 2017 / Nov- 2016 Oct- 2017 / Oct- 2016
SME 1,094,390 392.4 3.8 3.6
ISE 6,022 281.7 5.8 5.5
Large Firms 265 107.3 3.9 4.1
Total
(exc. non-trading real estate companies and others)
1,100,677 781.5 4.5 4.4
non-trading real estate companies and others (see Additional) 557,456 158.7 10.1 9.8
All enterprises 1,658,133 940.2 5.4 5.2
(*) inc. sole proprietors
(**) LME definition, with loans outstanding amounts above 25000 euros
Outstanding amounts of loans to resident enterprises by type of credit and by sector
(Outstanding amounts in EUR Bn, annual growth rate (***) in %)
Drawn credits Drawn and undrawn credits
Outstanding amounts Annual growth rates Outstanding amounts Annual growth rate
Nov- 2017 Nov- 2017 / Nov- 2016 Nov- 2017 Nov- 2017 / Nov- 2016
Agriculture, forestry and fishing (AZ) 50.5 2.0 57.9 2.6
Industry (BE) 121.8 9.5 202.9 6.3
- inc. Manufacturing (C) 98.5 9.8 159.3 6.5
Construction (FZ) 48.5 -0.9 71.1 0.6
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 124.3 3.5 181.0 2.7
Transportation and storage (H) 39.1 2.2 52.1 2.7
Accommodation and food service activities (I) 27.4 1.2 32.3 1.7
Information and communication (JZ) 18.9 -2.2 36.0 1.8
Real estate activities (LZ) 386.7 5.4 422.4 6.1
Business support activities (MN) 55.8 4.7 73.2 4.1

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
46.5 9.9 52.7 9.6
Holdings 20.8 38.0 24.7 34.8
940.2 5.4 1,206.3 5.2
(***): the revision of the annual growth rates backdata came this month primarily from an update of the enterprise population.
Interest rates to new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
Nov- 2016 Jun-2017 juil. 2017 Aug-2017 SEP- 2017 Oct- 2017 (a) Nov- 2017 (b)
- Credits < or = 1 million euros 1.72 1.70 1.71 1.78 1.75 1.71 1.70
- Credits > 1 million euros 1.39 1.41 1.25 1.44 1.38 1.44 1.35
(a) Revised
(b) Provisionnal
Outstanding amounts of credit
(drawn credit, in EUR Bn (*))
(*) see Additional information
Additional information
The outstanding amounts of credit in this publication are those collected by the central credit register, i.e. of a unit amount of more than 25,000 euros. These outstanding amounts include drawn credits, which means those actually used, and the undrawn credits, unused lines of credit. Individual data are grouped according to the size (larges firms, intermediate-sized enterprise - ISE and small and medium-sized enterprise - SME) and the sector of businesses. Businesses that cannot be assigned in a size category according to the criteria of the LME (Loi de Modernisation de l'Économie) are included in the category "non-trading real estate companies and others".

Additional data on SMEs, interest rates by size of enterprises, and share of less than 3 year old enterprises (excl. sole proprietors) in the total of enterprises, are available at the following address:
http://webstat.banque-france.fr/fr/browse.do?node=5384417

Outstanding amounts of credit to micro-enterprises (incl. sole proprietors), come from another data collection and are available at the following address:
http://webstat.banque-france.fr/fr/browse.do?node=5384934
Non-financial corporations include all enterprises with as main activity the market production of goods and non-financial services, excluding sole proprietors.

Interest rates in this publication are those to new credits distributed by resident credit institutions to French non-financial corporations. The interest rates are effective rates in the narrow sense. They correspond to the interest component of the Annual Percentage Rate (TEG).
More information on methodology time series calendar
All statistical time series published by the Banque de France can be accessed on
Webstat Banque de France
STAT INFO - November 2017
Loans by size of firms
Contact :
DSMF Contact Stat Info

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Loans by size of firms
  • Published on 01/15/2018
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Published on Monday, January 15, 2018