Banque de France : Loans to non financial corporations - November 2015

News: November 2015 | PDF
Posted on 08/01/2016

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Robust growth of treasury loans to non-financial corporations

• The annual growth rate of loans to non-financial corporations strongly increases in November (+ 4.5 %, up from + 3.8 % in October), due to the robust growth of treasury loans (+9.5 %, up from +7.3 %) and, to a lesser extent, to investment loans (+2.7 %, up from +2.6 %). For one year, treasury loans increase has been in particular supported by some operations performed by large groups. The acceleration observed in November also reflects a base effect.
• The average interest rate for new loans increases slightly, for both the over €1 million category (1.59 % from 1.54 % in October) and the up to €1 million category (2.11 % from 2.08 %).
• The gross production of new loans (seasonally adjusted) continues to increase for the up to €1 million category (€8.1 billion, from €7.5 billion in October), and decreases slightly for the over €1 million category (€13.5 billion from €13.8 billion in October).