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Loans by size of firms 2019Jan

Published on 03/12/2019
SMEs keep driving the credit growth
  • As at end January 2019, the breakdown of loans distributed by credit institutions is the following: 51% granted to SMEs, 33% to ISEs and 16% to large firms.
  • Outstanding amounts are growing by 6.3% for SMEs, +4.4% for ISE and +1.2% for larges firms.
  • The main sector by outstanding amounts is real estate activities (41%), with an annual growth rate of 5.9%, followed by industry (13 % of amounts, and a growth of +0.7%) and wholesale and repair (13%, +4.0%).
  • The average interest rate on new loans slightly increases in January 2019 for loans up to 1 million (1.70%, up from 1.66% in December 2018) whereas it decreases for loans over EUR 1 million (1.34%, down from 1.42% in December 2018).
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
Jan- 2019 Jan- 2019 Jan-19 / Jan-18 Dec-18 / Dec-17
SME 1,107,797 422.8 6.3 6.3
ISE 6,244 275.4 4.4 3.9
Large Firms 275 130.8 1.2 3.0
Total
(exc. non-trading real estate companies and others)
1,114,316 829.0 4.8 4.9
non-trading real estate companies and others (see Additional) 583,877 171.6 8.8 8.8
All enterprises 1,698,193 1,000.6 5.5 5.6
(*) 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
Jan- 2019 Jan-19 / Jan-18 Jan- 2019 Jan-19 / Jan-18
Agriculture, forestry and fishing (AZ) 53.0 3.4 60.3 3.0
Industry (BE) 130.8 4.4 215.1 0.7
- inc. Manufacturing (C) 102.5 3.1 165.7 -0.7
Construction (FZ) 53.6 4.3 82.1 8.7
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 133.2 4.9 184.9 4.0
Transportation and storage (H) 43.9 4.4 56.8 6.0
Accommodation and food service activities (I) 29.4 2.6 33.4 3.1
Information and communication (JZ) 18.0 8.2 36.7 11.3
Real estate activities (LZ) 405.8 5.9 446.7 5.9
Advisory and Business support activities (MN) 60.6 8.2 80.7 5.9

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
47.8 0.8 54.3 1.3
Holdings 24.7 24.1 28.6 22.7
Total 1,000.6 5.5 1,279.5 5.0
Interest rates on new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
Jan- 2018 Aug-2018 SEP- 2018 Oct- 2018 Nov- 2018 Dec- 2018 (a) Jan- 2019 (b)
- Credits < or = 1 million euros 1.67 1.71 1.67 1.66 1.66 1.66 1.70
- Credits > 1 million euros 1.31 1.28 1.47 1.36 1.44 1.42 1.34
(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 - January 2019

Loans by size of firms

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Loans by size of firms
  • Published on 03/12/2019
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Published on Tuesday, March 12, 2019