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.

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.

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

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.

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.

Domestic credit to private sector (% of GDP) in Euro area was reported at 86.97 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Euro area - Domestic credit to private sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2024, Germany and France were the EU countries with the highest volume of consumer loans. The outstanding value of consumer loans to households amounted to nearly 200 billion euros in Germany and 198 billion euros in France. Italy, Spain and Poland were also among the countries with the highest overall value of consumer loans. However, when considering the volume of consumer loans per capita, Finland and Luxembourg were also quite high on the list.

Domestic credit to private sector by banks (% of GDP) in Euro area was reported at 85.27 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Euro area - Domestic credit to private sector by banks (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

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.

Graph and download economic data for Private Credit by Deposit Money Banks to GDP for Euro Area (DISCONTINUED) (DDDI01EZA156NWDB) from 1960 to 2015 about credits, Euro Area, Europe, banks, private, depository institutions, and GDP.

In July 2022, the overall volume of household loans in the Eurozone was 4.46 percent higher than 12 months earlier. The year-on-year change of household loans has fluctuated a lot since January 2006. However, the household lending has increased at a rather stable rate since 2016. This segment includes all lending and credit extended to households, such as mortgages, consumer loans, car financing, etc.

Bulgaria was at the top of this ranking of ** European countries sorted by the growth rate of their volume of loans to households in 2023. Loans to households in the European Union and the European Economic Area are expected to grow on average by over ***** percent in 2024. Meanwhile, the loans and advances market in Germany is expected to increase by *** percent in 2024. Overall, the total value of the household loans market in the EU as a whole is expected to keep growing during that timeline.

Please refer to: https://data.imf.org/en/news/accessing%20international%20financial%20statistics

Domestic credit provided by financial sector (% of GDP) in Euro area was reported at 145 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Euro area - Domestic credit provided by banking sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Demand for housing loans continued declining across some eurozone countries, according to survey results in the second quarter of 2021. Among the countries where banks reported a decline in loan demand higher than the banks reporting an increase in loan demand were Slovenia, Luxembourg, France, Spain, Slovakia, and Italy. The source adds that lower consumer confidence was the main reason for this decrease, as banks cited the negative impact of the coronavirus pandemic on households. In Estonia, Czprus, Greece, Lithuania, and Latvia, on the other hand, more than 75 percent of banks surveyed reported growth in loan demand.

Key information about France M2 Growth

• France Money Supply M2 increased 1.4 % YoY in Jan 2025, compared with a growth of 0.5 % in the previous month
• France Money Supply M2 growth data is updated monthly, available from Dec 1978 to Jan 2025
• The data reached an all-time high of 16.6 % in Jan 2021 and a record low of -2.7 % in Aug 1992

CEIC calculates M2 Growth Rate from monthly M2. The Banque de France provides M2 in EUR. France is part of the Euro Area and the reported figure corresponds to its contribution to the Euro money supply. Since December 1980, data is not fully comparable with data of previous periods as 'Resident' refers to the residents of France and of other euro area member states (before that France only). M2 Growth Rate prior to January 1981 is sourced from the International Monetary Fund.


Further information about France M2 Growth

• In the latest reports, France Foreign Exchange Reserves was measured at 31.8 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 0.5 Months of Import in Dec 2024
• France Domestic Credit reached 5,284.9 USD bn in Nov 2024, representing an increased of 1.7 % YoY
• The country's Non Performing Loans Ratio stood at 2.4 % in Dec 2021, compared with the ratio of 2.7 % in the previous year
• Household Debt of France reached 2,335.5 USD bn in Sep 2024, accounting for 74.2 % of the country's Nominal GDP

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Alternative Finance Market Size 2024-2028

The alternative finance market size is estimated to increase by USD 64.3 billion at a CAGR of 7.44% between 2023 and 2028. The key factor driving the market forward is the potential for higher returns for investors. Alternative finance channels offer significantly greater returns compared to traditional investment options like fixed deposits (FDs) or government bonds from conventional financial institutions. Another important contributor to market growth is the rapid expansion in the APAC region and the increasing focus on structured finance. Alternative finance platforms, such as P2P lending, crowdfunding, and invoice trading, are gaining traction in APAC, driven by the presence of numerous small and medium-sized enterprises (SMEs).

What will be the Size of the Alternative Finance Market During the Forecast Period?

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Alternative Finance Market Segmentation

The alternative finance market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

Type Outlook 

  P2P lending
  Crowdfunding
  Invoice trading





End-User Outlook

  Individual
  Organization





Region Outlook

  North America

    The U.S.
    Canada





  Europe

    The U.K.
    Germany
    France
    Rest of Europe





  APAC

    China
    India


  South America

    Chile
    Argentina
    Brazil





  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By Type

The alternative financing market share growth in the segment of P2P lending will be significant during the forecast period. The P2P consumer lending sub-segment holds a major share of the P2P lending segment due to the growth in the number of online consumer lending platforms and the increasing use of technology in financial transactions. Some popular P2P lending platforms include LendingClub, Zopa, Bondora Capital, Prosper Marketplace, and Upstart Network. However, P2P lending is associated with a high risk of defaults as the loans are unsecured. Therefore, large investors usually maintain a spread portfolio of their investments. P2P lending is also associated with challenges such as platform failures, the risk of fraud, hacking, and data theft. These factors are expected to augment the demand of the P2P lending segment hence driving the growth of the market in focus during the forecast period.

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The P2P lending segment was valued at USD 123.70 billion in 2018. In this segment, P2P lending is similar to credit obtained from financial institutions. However, the funds are raised from one or more independent investors. P2P borrowers must make weekly or monthly repayments of the principal amount with interest. P2P lending is usually carried out through online platforms. Investors directly select businesses to fund, or the lending platforms provide the terms of credit. Some variations in the model allow investors to bid on loan amounts and interest rates through an online auction. P2P lending is popular among individual borrowers and SMEs, as small to medium-scale loans can be obtained easily. Several individuals opt for P2P loans for debt consolidation, which allows them to pay debts accrued from credit cards or loans from financial institutions.

By Region

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North America is estimated to contribute 70% to the global alternative financing market during the forecast period. Technavio's analysts have elaborately explained the regional market growth and trends that shape the market during the forecast period. The growth of P2P lending and crowdfunding has increased significantly in North America. The increasing number of students, growing awareness about clearing personal debt, rising Internet penetration, technological advances, the rise of online trading platforms and finance platforms, and the presence of prominent companies are the major factors driving the market in North America. The number of SMEs has grown significantly in North America. Therefore, a growing number of SMEs in this region are boosting the growth in North America.

Alternative Finance Market Dynamics

The market is reshaping the landscape traditionally dominated by conventional big banks and regulated banks. Instead of relying solely on traditional finance systems, entrepreneurs and investors are increasingly turning to alternative lenders and innovative financial services solutions. Online lenders offer streamlined access to capital, while reward-based crowdfunding and equity-based crowdfunding present opp

We construct a new measure of mortgage credit availability using a technique developed for production frontier estimation. The resulting loan frontier describes the maximum amount obtainable by a borrower of given characteristics. We estimate this frontier using mortgage originations data from 2001 to 2014. We find a substantial expansion of mortgage credit for all borrowers during the housing boom, not only for low-score or low-income borrowers. The subsequent contraction in credit was most pronounced for low-score borrowers. Using variation in the frontier across metropolitan areas over time, we show that borrowing constraints played an important role in the recent housing cycle.

Poverty and social exclusion, social services, climate change, and the national economic situation and statistics.

Topics: 1. Poverty and social exclusion: own life satisfaction (scale); satisfaction with family life, health, job, and satisfaction with standard of living (scale); personal definition of poverty; incidence of poverty in the own country; estimated proportion of the poor in the total population; poor persons in the own residential area; estimated increase of poverty: in the residential area, in the own country, in the EU, and in the world; reasons for poverty in general; social and individual reasons for poverty; population group with the highest risk of poverty; things that are necessary to being able to afford to have a minimum acceptable standard of living (heating facility, adequate housing, a place to live with enough space and privacy, diversified meals, repairing or replacing a refrigerator or a washing machine, annual family holidays, medical care, dental care, access to banking services as well as to public transport, access to modern means of communication, to leisure and cultural activities, electricity, and running water); perceived deprivation through poverty in the own country regarding: access to decent housing, education, medical care, regular meals, bank services, modern means of communication, finding a job, starting up a business of one’s own, maintaining a network of friends and acquaintances; assessment of the financial situation of future generations and current generations compared to parent and grandparent generations; attitude towards poverty: necessity for the government to take action, too large income differences, national government should ensure the fair redistribution of wealth, higher taxes for the rich, economic growth reduces poverty automatically, poverty will always exist, income inequality is necessary for economic development; perceived tensions between population groups: rich and poor, management and workers, young and old, ethnic groups; general trust in people, in the national parliament, and the national government (scale); trust in institutions regarding poverty reduction: EU, national government, local authorities, NGOs, religious institutions, private companies, citizens; reasons for poverty in the own country: globalisation, low economic growth, pursuit of profit, global financial system, politics, immigration, inadequate national social protection system; primarily responsible body for poverty reduction; importance of the EU in the fight against poverty; prioritized policies of the national government to combat poverty; assessment of the effectiveness of public policies to reduce poverty; opinion on the amount of financial support for the poor; preference for governmental or private provision of jobs; attitude towards tuition fees; increase of taxes to support social spending; individual or governmental responsibility (welfare state) to ensure provision; attitude towards a minimum wage; optimism about the future; perceived own social exclusion; perceived difficulties to access to financial services: bank account, bank card, credit card, consumer loans, and mortgage; personal risk of over-indebtedness; attitude towards loans: interest free loans for the poor, stronger verification of borrowers by the credit institutions, easier access to start-up loans for the unemployed, free financial advice for the poor, possibility to open a basic bank account for everyone; affordable housing in the residential area; extent of homelessness in the residential area, and recent change; adequacy of the expenditures for the homeless by the national government, and the local authorities; assumed reasons for homelessness: unemployment, no affordable housing, destruction of the living space by a natural disaster, debt, illness, drug or alcohol addiction, family breakdown, loss of a close relative, mental health problems, lack of access to social services and support facilities, lack of identity papers, free choice of this life; probability to become homeless oneself; own support of homeless people: monetary donations to charities, volunteer work in a charity, help find access in emergency shelters and with job search, direct donations of clothes to homeless people, buying newspapers sold by homeless people, food donations; sufficient household income, or difficulties to make ends meet; ability to afford the heating costs, a week’s holiday once a year, and a meal with meat every second day; expected development of the financial situation of the household; assessment of the risk of potential difficulties in the next 12 months in paying: rent, mortgage, consumer loan rates, electricity bills, unexpected events, daily consumer goods; job security; difficulties in fulfilling family responsibilities because of the workload; difficulties in concentrating at work due to family commitments; necessary minimum monthly income for the own household; comparison of the monthly...