Loans by size of firms 2022Aug
Published on 10 October 2022
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Loans by size of firms 2022Sep
Loans by size of firms 2022Sep
Loans by size of firms 2022Aug
Further growth in corporate credit
- At the end of August 2022, loans mobilized by businesses reaches EUR 1,286.5 billion, up +7.2% over one year, after an increase of +5.8% at the end of July 2022.
- Credit growth is up regardless of company size: +6.3% increase for SMEs in August 2022 compared with +5.7% in July 2022; +4.0% increase for ISEs in August 2022 compared with +2.5% in July 2022; and +12.2% increase for large companies in August 2022 compared with +7.3% in July 2022.
- The growth of the outstanding loans is notably carried by the advisory and business support activities (+ 12.2%), the whole of the industries (+11.7%, with only for the manufacturing industry: +1.3%), and the sector of the real estate activities (+ 8.6%). On the other hand, outstanding loans are down for the accommodation and catering sector (-1.2 %).
- The interest rate on new loans of up to 1 million euros increases by 16 basis points to 2.07 % (up from 1.91 % in July). The interest rate on loans of more than 1 million euros increases by 8 basis points to 1.75 % (up from 1.67 % in July).
Outstanding amounts of loans to resident enterprises by size (*)
(Outstanding amounts in EUR Bn, annual growth rate in %)
| Drawn credits | ||||
| Number of enterprises (**) | Outstanding amounts | Annual growth rate | ||
| Aug 22 | Aug 22 | Aug 22 / Aug 21 | Juil 22 / July 21 | |
| SME | 1,306,900 | 548.2 | 6.3 | 5.7 |
| ISE | 7,311 | 339.5 | 4.0 | 2.5 |
| Large Firms | 289 | 176.1 | 12.2 | 7.3 |
| Total (exc. non-trading real estate companies and others) | 1,314,500 | 1,063.9 | 6.5 | 4.9 |
| non-trading real estate companies and others (see additional information) | 675,206 | 222.6 | 11.1 | 10.4 |
| All enterprises | 1,989,706 | 1,286.5 | 7.2 | 5.8 |
(*) 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 | Annualg growth rates | |
| Aug 22 | Aug 22 / Aug 21 | Aug 22 | Aug 22 / Aug 21 | |
| Agriculture, forestry and fishing (AZ) | 61.6 | 2.9 | 70.9 | 4.4 |
| Industry (BE) | 162.4 | 11.7 | 255.8 | 3.6 |
| - inc. Manufacturing (C) | 114.8 | 1.3 | 178.9 | -3.6 |
| Construction (FZ) | 69.9 | 3.8 | 110.7 | 9.1 |
| Wholesale and retail trade; repair of motor vehicles and motorcycles (G) | 178.9 | 4.8 | 252.6 | 4.9 |
| Transportation and storage (H) | 56.6 | 3.2 | 70.2 | 3.2 |
| Accommodation and food service activities (I) | 47.6 | -1.2 | 52.4 | -0.6 |
| Information and communication (JZ) | 28.2 | 4.1 | 51.4 | 3.9 |
| Real estate activities (LZ) | 507.4 | 8.6 | 559.2 | 8.7 |
| Advisory and Business support activities (MN) | 90.8 | 12.2 | 116.3 | 8.6 |
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) | 60.9 | 0.0 | 72.6 | 1.2 |
| Holdings | 22.3 | 29.2 | 27.1 | 19.5 |
| Total | 1,286.5 | 7.2 | 1,639.2 | 6.2 |
Interest rates on new loans to non-financial corporations (exc. overdraft)
(Effective interest rates in the narrow sense, in percentages)
| Aug-21 | Mar-22 | Apr-22 | May-22 | June-22 | July-22 (a) | Aug-22 (b) | |
| - credits< or = 1 million euros | 1.37 | 1.39 | 1.46 | 1.53 | 1.60 | 1.91 | 2.07 |
| - credits> 1 million euros | 1.30 | 1.18 | 1.17 | 1.41 | 1.68 | 1.67 | 1.75 |
(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 with a unit amount of more than 25,000 euros identified under the Anacredit data collection (see Regulation ECB/2016/13) and supplemented by the bank collections, Article L141-6 and Article 144-1 paragraph 2 of the Monetary and Financial Code: https://www.legifrance.gouv.fr/codes/article_lc/LEGIARTI000035042507. These outstanding amounts include drawn credits, which means those actually used, and the undrawn credits, unused lines of credit. Individual data is grouped according to the size (larges firms - LFs, intermediate-sized enterprises - ISEs and small and medium-sized enterprises - SMEs) 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: 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).
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
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Updated on 7 October 2022
