Other sites of Banque de France

You are here

Loans by size of firms 2017Jul

Published on 09/08/2017
Credit to enterprises accelerates
  • At end-July 2017, the outstanding amount of drawn credit reaches 926.8 billion euros, increasing by 4.6% over a year.
  • The increase affects all categories of enterprises: + 2.4% for SMEs, + 5.3 % for ISE and + 3.9 % for LEs.
  • The increase in the outstanding amount of drawn credits concerns the majority of sectors. It stands at 7.6% over a year in the industry sector, 5.1% in wholesale and retail trade and 4.6% in real estate. By contrast, the outstanding amount of drawn credit falls respectively by 2.8% and 1.3% in the construction and in the information and communication sectors.
  • The average interest rate for new loans with a unit value of more than € 1 million decreases in July (1.25%, down from 1.41% in June) and is almost unchanged for those with a unit value of less than € 1 million (1.71%, down from 1.70%).
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
juil. 2017 Jul-2017 July 17 / July 16 June 17 / June 16
SME 1,096,097 387.4 2.4 2.4
ISE 6,006 275.8 5.3 3.0
Large Firms 269 107.1 3.9 4.9
(exc. non-trading real estate companies and others)
1,102,372 770.3 3.7 3.0
non-trading real estate companies and others (see Additional) 551,342 156.5 9.7 9.1
All enterprises 1,653,714 926.8 4.6 4.0
(*) inc. spme 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
Jul-2017 July-17/July-16 July-2017 July-17/July-16
Agriculture, forestry and fishing (AZ) 51.4 1.7 58.4 3.0
Industry (BE) 119.2 7.6 201.5 3.8
- inc. Manufacturing (C) 97.3 9.6 158.6 3.8
Construction (FZ) 47.1 -2.8 69.3 -0.2
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 124.0 5.1 181.0 3.1
Transportation and storage (H) 38.7 1.4 51.8 1.3
Accommodation and food service activities (I) 27.7 3.7 32.7 3.5
Information and communication (JZ) 18.6 -1.3 34.8 3.5
Real estate activities (LZ) 379.8 4.6 414.5 5.1
Business support activities (MN) 56.2 3.8 74.5 3.7

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
43.4 5.2 51.4 10.8
Holdings 20.4 31.0 23.4 26.8
926.8 4.6 1,193.4 4.4
Interest rates to new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense)
July-2016 Feb- 2017 Mar- 2017 Apr-2017 May- 2017 Jun-2017 (a) July-2017 (b)
- Credits < or = 1 million euros 1.86 1.68 1.68 1.72 1.71 1.70 1.71
- Credits > 1 million euros 1.48 1.39 1.43 1.62 1.41 1.41 1.25
(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:

Outstanding amounts of credit to micro-enterprises (incl. sole proprietors), come from another data collection and are available at the following address:

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.
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 - July 2017
Loans by size of firms
Contact :
DIMOS Contact Stat Info

Download the PDF version of this document

Loans by size of firms
  • Published on 09/08/2017
  • EN
  • PDF (485.12 KB)
Download (EN)

Published on Friday, September 8, 2017