The value of loans In the Euro Area increased 2 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Private Credit Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

As of October 2024, the volume of corporate loans in the eurozone was slightly higher than in the previous year. The monthly year-on-year change of corporate loans in the Euro area fluctuated significantly since January 2006, reaching negative growth rates in various occasions during the economic crisis of 2007.

Loans to Private Sector In the Euro Area decreased to 5228393 EUR Million in May from 5230837 EUR Million in April of 2025. This dataset provides the latest reported value for - Euro Area Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about European Union Total Loans Growth

• European Union Total Loans Growth was reported at 3.91 % in Jan 2025
• This records an increase from the previous number of 3.10 % for Dec 2024
• European Union Total Loans Growth data is updated monthly, averaging 3.56 % from Sep 1998 to Jan 2025, with 317 observations
• The data reached an all-time high of 13.37 % in Oct 2007 and a record low of -6.36 % in Oct 2009
• European Union Total Loans Growth data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: Y-o-Y Growth: Monthly

CEIC calculates monthly Total Loans Growth from monthly Total Loans. Total Loans are calculated as the sum of loans to Insurance Corp and Pension Funds, Other Financial Intermediaries, Households, Non Financial Sector, Govenment and Non Euro Area Residents. European Central Bank provides loans to Insurance Corp and Pension Funds, Other Financial Intermediaries, Households, Non Financial Sector, Govenment and Non Euro Area Residents in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Total Loans Growth covers lenders as MFIs, which include Central Bank. Total Loans Growth includes interbank loans.

In November of 2024, the volume of consumer loans in the Euro area was over three percent higher than in the same month of the previous year. The year-on-year change in consumer loans fluctuated significantly since January 2006. In early 2020, the growth in consumer loans decreased sharply due to the start of the global coronavirus (COVID-19) pandemic.

Graph and download economic data for Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Euro Area (QXMPAM770A) from Q1 1999 to Q4 2024 about adjusted, credits, Euro Area, nonfinancial, sector, Europe, and private.

Private Sector Credit In the Euro Area increased to 13639786 EUR Million in May from 13629261 EUR Million in April of 2025. This dataset provides the latest reported value for - Euro Area Private Sector Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total value of loans and advances to households granted by banks in the European Union is expected to have a higher growth rate than business loans in 2023. Loans and advances to non-financial corporations are estimated to have reached a growth rate of *** percent in 2023, while the projected growth of household lending that year was *** percent. By 2024, loans to households in the EU are expected to reach nearly *** trillion euros.

Bank Lending Rate In the Euro Area decreased to 3.81 percent in May from 3.92 percent in April of 2025. This dataset provides - Euro Area Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks are expected to keep increasing the supply of loans and advances to households in the European Union. By 2024, the value of outstanding lending to households is forecast to reach over *** trillion euros. In 2022, the total value of household credit owned by banks was **** trillion euros. Meanwhile, Greece and Denmark were some of the European countries with the lowest expected growth rates in household lending in 2022.

Graph and download economic data for Bank Non-Performing Loans to Gross Loans for Euro Area (DISCONTINUED) from 1998 to 2015 about nonperforming, Euro Area, Europe, gross, loans, banks, and depository institutions.

Key information about European Union Domestic Credit Growth

• European Union Domestic Credit increased 2.7 % YoY in Dec 2024, compared with an increase of 0.7 % YoY in the previous month
• EU Domestic Credit Growth YoY data is updated monthly
• It averaged 5.2 %, available from Sep 1998 to Dec 2024
• The data reached an all-time high of 15.0 % in Oct 2007 and a record low of -6.2 % in Dec 2013

CEIC calculates monthly Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in EUR. Domestic Credit Growth prior to December 2002 is based on an older methodology

Russia Bank Lending Tightness: Net Percentage: Euro Zone data was reported at -2.300 % in Sep 2016. This records an increase from the previous number of -5.300 % for Jun 2016. Russia Bank Lending Tightness: Net Percentage: Euro Zone data is updated quarterly, averaging 3.550 % from Jun 2009 (Median) to Sep 2016, with 30 observations. The data reached an all-time high of 28.500 % in Dec 2011 and a record low of -5.300 % in Jun 2016. Russia Bank Lending Tightness: Net Percentage: Euro Zone data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Russia Premium Database’s Monetary and Banking Statistics – Table RU.KAC019: Bank Lending Tightness in Russia and Foreign Countries.

Analysis of ‘Banks balance sheet - Growth rates of loans from euro area households and non-financial corporations’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from http://data.europa.eu/88u/dataset/bank-balance-sheet-loans-growth-rates on 10 January 2022.

--- Dataset description provided by original source is as follows ---

Monetary financial institution balance sheet statistics, growth rates of total loans to euro area households and non-financial corporations, as well as to euro area insurance corporations and pension funds and to other financial intermediaries (all currencies combined, all maturities, not seasonally adjusted, annual percentage changes).

--- Original source retains full ownership of the source dataset ---

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Credit In the Euro Area increased to 790192 EUR Million in May from 787628 EUR Million in April of 2025. This dataset provides the latest reported value for - Euro Area Consumer Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The long-term interest rate on government debt is a key indicator of the economic health of a country. The rate reflects financial market actors' perceptions of the creditworthiness of the government and the health of the domestic economy, with a strong and robust economic outlook allowing governments to borrow for essential investments in their economies, thereby boosting long-term growth.

The Euro and converging interest rates in the early 2000s

In the case of many Eurozone countries, the early 2000s were a time where this virtuous cycle of economic growth reduced the interest rates they paid on government debt to less than 5 percent, a dramatic change from the pre-Euro era of the 1990s. With the outbreak of the Global Financial Crisis and the subsequent deep recession, however, the economies of Greece, Italy, Spain, Portugal, and Ireland were seen to be much weaker than previously assumed by lenders. Interest rates on their debt gradually began to rise during the crisis, before rapidly increasing beginning in 2010, as first Greece and then Ireland and Portugal lost the faith of financial markets.

The Eurozone crisis

This market adjustment was initially triggered due to revelations by the Greek government that the country's budget deficit was much larger than had been previously expected, with investors seeing the country as an unreliable debtor. The crisis, which became known as the Eurozone crisis, spread to Ireland and then Portugal, as lenders cut-off lending to highly indebted Eurozone members with weak fundamentals. During this period there was also intense speculation that due to unsustainable debt loads, some countries would have to leave the Euro currency area, further increasing the interest on their debt. Interest rates on their debt began to come back down after ECB Chief Mario Draghi signaled to markets that the central bank would intervene to keep the states within the currency area in his famous "whatever it takes" speech in Summer 2012.

The return of higher interest rates in the post-COVID era

Since this period of extremely high interest rates on government debt for these member states, the interest they are charged for borrowing has shrunk considerably, as the financial markets were flooded with "cheap money" due to the policy measures of central banks in the aftermath of the financial crisis, such as near-zero policy rates and quantitative easing. As interest rates have risen to combat inflation since 2022, so have the interest rates on government debt in the Eurozone also risen, however, these rises are modest compared to during the Eurozone crisis.

European Union MFIs Loans: Outstanding: Non Euro Area Residents data was reported at 3,418.227 EUR bn in Nov 2018. This records an increase from the previous number of 3,409.726 EUR bn for Oct 2018. European Union MFIs Loans: Outstanding: Non Euro Area Residents data is updated monthly, averaging 2,887.361 EUR bn from Sep 1997 (Median) to Nov 2018, with 255 observations. The data reached an all-time high of 3,689.751 EUR bn in Oct 2008 and a record low of 1,233.698 EUR bn in Jul 1999. European Union MFIs Loans: Outstanding: Non Euro Area Residents data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s European Union – Table EU.KB003: European Central Bank: Monetary Financial Institutions: Loans: Outstanding.

France Assets: Euro-Denominated Loans to Euro Area Credit Institutions data was reported at 113,709.000 EUR mn in 2017. This records an increase from the previous number of 70,625.000 EUR mn for 2016. France Assets: Euro-Denominated Loans to Euro Area Credit Institutions data is updated yearly, averaging 57,779.246 EUR mn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 181,933.000 EUR mn in 2012 and a record low of 8,684.939 EUR mn in 2003. France Assets: Euro-Denominated Loans to Euro Area Credit Institutions data remains active status in CEIC and is reported by Bank of France. The data is categorized under Global Database’s France – Table FR.KB021: Balance Sheet: Banque de France: Annual.

Graph and download economic data for Current Account Credit: Total Services for the Euro Area (DISCONTINUED) (BPCRSE01EZA659S) from 1998 to 2012 about current account, BOP, credits, Euro Area, Europe, and services.