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Loans by size of firms 2018Nov

Published on 01/10/2019
Loans to businesses continues to grow at a steady pace
  • The outstanding amount of drawn credit reaches 989.3 billion euros at end November 2018. It increases by + 5.2 % over a year, after + 5.2 % in October 2018.
  • By category of enterprises, the growth rate is + 6.1 % for SMEs, + 3.5 % for ISEs and + 1.5 % for LFs.
  • The increase in the outstanding amount of drawn credit concerns almost all sectors. It stands at + 6.1 % over a year in the trade and repair sector, + 6.0 % in the real estate, as well as in advisory and business support activities. The sectors with the lowest increases are the accommodation and food service activities (+ 2.5%), and industry (+ 2.0%). The outstanding amount of drawn credit slightly declines in education, human health and social work services (- 0.8 %).
  • The average interest rate on new loans increases slightly in November for loans over EUR 1 million (1.44%, up from 1.36% in October) and is unchanged for loans up to EUR 1 million (1.66%).



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- 2018 Nov- 2018 Nov. 18/Nov. 17 Oct. 18/Oct. 17
SME 1,107,290 416.9 6.1 6.1
ISE 6,240 273.9 3.5 3.6
Large Firms 274 130.2 1.5 2.0
Total
(exc. non-trading real estate companies and others)
1,113,804 821.0 4.5 4.6
non-trading real estate companies and others (see Additional) 580,104 168.3 8.6 8.5
All enterprises 1,693,908 989.3 5.2 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- 2018 Nov. 18/Nov. 17 Nov- 2018 Nov. 18/Nov. 17
Agriculture, forestry and fishing (AZ) 53.1 3.9 60.7 2.7
Industry (BE) 128.5 2.0 214.8 1.3
- inc. Manufacturing (C) 102.1 1.2 167.4 0.7
Construction (FZ) 53.8 5.1 81.7 8.8
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 133.3 6.1 184.4 5.1
Transportation and storage (H) 43.7 3.9 56.9 5.2
Accommodation and food service activities (I) 29.0 2.5 32.9 3.7
Information and communication (JZ) 17.1 3.4 34.4 4.7
Real estate activities (LZ) 400.5 6.0 441.6 6.6
Advisory and Business support activities (MN) 59.5 6.0 79.2 3.3

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
46.9 -0.8 53.5 0.0
Holdings 23.6 26.6 27.7 25.7
Total 989.3 5.2 1,267.9 5.0
Interest rates on new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
Nov- 2017 Jun-2018 juil. 2018 Aug-2018 SEP- 2018 Oct- 2018 (a) Nov- 2018 (b)
- Credits < or = 1 million euros 1.70 1.69 1.68 1.71 1.67 1.66 1.66
- Credits > 1 million euros 1.35 1.41 1.34 1.28 1.47 1.36 1.44
(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:
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 2018

Loans by size of firms

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Loans by size of firms
  • Published on 01/10/2019
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Published on Thursday, January 10, 2019