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Loans by size of firms 2018Jul

Published on 09/11/2018
Loans to businesses are growing steadily
  • The outstanding amount of more than 25 000 euros drawn credit reaches 973.3 billion euros at end July 2018. It increases by 5.0 % over a year, after 5.7 % in June.

  • By category of enterprises, the growth rate is + 5.3 % for SMEs, + 3.4 % for ISEs and + 2.2 % for LFs.

  • The increase in the outstanding amount of drawn credit concerns almost all sectors. It stands at 5.7 % over a year in advisory and business support activities and at 5.6% in construction as well as in real estate activities. The accommodation and food service activities are the only sector to record a stable outstanding amount of drawn credit over a year (+0.0%).

  • The average interest rate on new loans is stable in July for loans with a unit amount of less or equal to EUR 1 million (1.68 %) and decreases slightly for those with a unit amount of more than EUR 1 million (1.35 %, down from 1.41 %).

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
July. 18 July 18 July 18/July 17 June 18/June 17
SME 1,102,948 396.7 5.3 4.9
ISE 6,159 275.6 3.4 6.0
Large Firms 273 123.3 2.2 3.3
(exc. non-trading real estate companies and others)
1,109,380 795.5 4.2 5.0
non-trading real estate companies and others (see Additional) 574,992 177.8 8.9 9.2
All enterprises 1,684,372 973.3 5.0 5.7
(*) 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
July 18 July 18- July 17 July 18 July 18- July 17
Agriculture, forestry and fishing (AZ) 52.7 2.2 60.1 1.9
Industry (BE) 127.5 3.7 212.1 1.2
- inc. Manufacturing (C) 102.9 2.9 166.5 0.6
Construction (FZ) 53.9 5.6 79.8 6.3
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 130.0 4.3 181.9 3.9
Transportation and storage (H) 42.7 2.4 58.0 3.3
Accommodation and food service activities (I) 29.0 0.0 32.8 1.2
Information and communication (JZ) 17.4 2.2 33.9 2.6
Real estate activities (LZ) 390.7 5.6 431.6 6.5
Advisory and Business support activities (MN) 57.6 5.7 74.7 2.7

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
46.3 4.7 52.7 0.6
Holdings 25.6 25.1 29.7 27.2
Total 973.3 5.0 1,247.3 4.5
Interest rates on new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
Jul-17 Feb-18 Mar-18 Apr-18 May-18 Jun-18 (a) Jul-18 (b)
- Credits < or = 1 million euros 1.71 1.68 1.67 1.68 1.70 1.69 1.68
- Credits > 1 million euros 1.25 1.40 1.44 1.39 1.29 1.41 1.35
(a) Revised
(b) Provisional
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 (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 - July 2018

Loans by size of firms
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Loans by size of firms
  • Published on 09/11/2018
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Published on Tuesday, September 11, 2018