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Loans by size of firms 2018Mar

Published on 05/15/2018
Credit remains dynamic
  • At end-March 2018, the outstanding amount of drawn credit reached 956.7 billion euros, increasing by 5.1 % over a year, after 5.6 % in February.
  • By category of enterprises, the figures were + 3.5 % for SMEs, + 5.4 % for ISEs and + 2.4 % for LFs.
  • The increase in the outstanding amount of drawn credit concerned almost all sectors. It stood at 6.0 % over a year in manufacturing and in advisory and business support activities, and 4.8 % in wholesale and retail trade. On the other hand, the outstanding amount of drawn credit decreased by 4.4 % in the information and communication sector.
  • The average interest rate of new loans increased in March for loans with a unit amount of more than EUR 1 million (1.44%, up from 1.40% in February) and was almost stable for the ones with a unit amount of less than or equal to EUR 1 million (1.67%, down from 1.68%).
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
Mar.- 2018 Mar.- 2018 Mar. 18 / Mar. 17 Feb.- 18 / Fev.- 17
SME 1,100,112 398.9 3.5 3.8
ISE 6,046 285.3 5.4 5.4
Large Firms 267 107.8 2.4 4.5
Total
(exc. non-trading real estate companies and others)
1,106,425 792.1 4.0 4.5
non-trading real estate companies and others (see Additional) 565,307 164.6 10.9 11.2
All enterprises 1,671,732 956.7 5.1 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
Mar. 18 Mar. 18 / Mar. 17 Mar. 18 Mar. 18 / Mar. 17
Agriculture, forestry and fishing (AZ) 51.7 1.9 59.3 2.1
Industry (BE) 122.9 5.0 204.7 3.0
- inc. Manufacturing (C) 98.5 6.0 159.7 4.7
Construction (FZ) 49.4 0.6 73.7 0.8
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 127.5 4.8 185.4 3.4
Transportation and storage (H) 37.5 4.3 49.5 4.9
Accommodation and food service activities (I) 27.9 1.4 33.8 4.4
Information and communication (JZ) 18.6 -4.4 36.3 2.9
Real estate activities (LZ) 395.4 5.7 435.7 6.9
Advisory and Business support activities (MN) 57.0 6.0 73.3 4.0

Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S)
45.4 4.6 51.7 4.4
Holdings 23.4 35.7 27.2 37.7
Total 956.7 5.1 1,230.8 5.0
Interest rates to new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
Mar-17 Oct-17 Nov-17 Dec-17 Jan-18 Fev-18 (a) Mar-18 (b)
- Credits < or = 1 million euros 1.68 1.71 1.70 1.67 1.67 1.68 1.67
- Credits > 1 million euros 1.43 1.44 1.35 1.35 1.31 1.40 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 -March 2018

Loans by size of firms
Contact :
DSMF Contact Stat Info

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Loans by size of firms
  • Published on 05/15/2018
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Published on Tuesday, May 15, 2018