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Loans: additional information for euro area countries

Loans

This page provides further data on loans and interest rates collected by the ECB. The available data covers loan size information that is not accessible for all EU countries, namely covering loans up to and including €0.25 million; over €0.25 million and up to €1 million, both with and without collateral and/or guarantees. The presented dataset is available only for euro area countries from the third quarter of 2010 for loans and the fourth quarter of 2010 for interest rates. These new available data from the ECB allows for further in-depth observation of loan conditions for SMEs.

Loan volumes up to and including euro €0.25 million and over euro €0.25 million and up to €1 million; with collateral and/or guarantees; euro area; quarterly (Q3 2010 – Q2 2013)

For loan volumes (with collateral and/or guarantees) up to and including €0.25 million; and over €0.25 million and up to €1 million, the following can be observed:

  • Apart from an initial increase in the third quarter of 2010, loan volumes steadily decline till the third quarter of 2011, followed by a small rise. The third quarter of 2012 witnesses another decline, which is again followed by a small rise to the final quarter of 2012, and since then the trend has remained relatively stable. Loan volumes over €0.25 million and up to €1 million are consistently higher than for loans up to and including €0.25 million by an average of around €2,770 million.
Loan volume with collateral and/or guarantees gif - 20 KB [20 KB]

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Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; Reference area: Euro area (changing composition); BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z] with collateral and/or guarantees; Original maturity: Total; MFI interest rate data type: Business volume (outstanding amount / new business); Amount category: Up to and including EUR 0.25 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business

Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; Reference area: Euro area (changing composition); BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z] with collateral and/or guarantees; Original maturity: Total; MFI interest rate data type: Business volume (outstanding amount / new business); Amount category: Over EUR 0.25 million and up to EUR 1 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business

Download data excel12book - 36 KB [36 KB]

Loan volumes up to and including €0.25 million, over €0.25 million and up to €1 million; without collateral and/or guarantees; euro area; quarterly (Q3 2010 – Q2 2013)

For loan volumes (without collateral and/or guarantees) up to and including €0.25 million; and over €0.25 million and up to €1 million, the following can be observed:

  • The pattern is broadly similar for both loan categories from the third quarter of 2010 to the first quarter of 2012. After this period the average difference between both categories declines significantly. In the third quarter of 2012 the difference was as little as €0.600 million in contrast to a difference of €4,500 million a year previous.
  • The loan volumes peak in the fourth quarter of 2010, followed by a modest decline until the last quarter of 2012.
    • For loans up to and including €0.25 million, there is a slight increase in loan volumes in the last quarter of 2011 but a decrease throughout 2012 until quarter three. The end of 2012 saw an increase for loans up to and including €0.25 million and levels have remained relatively constant since this period.
    • For loans over €0.25 million and up to €1 million there is a slight increase in loan volumes in the last quarter of 2011 which then levels off in early 2012 but declines in the third quarter of 2012. This is followed by a slight increase late 2012, which has tailed off slightly in early 2013.
  • Overall, the pattern is relatively stable, despite a dip in late 2012, with the 2013 loan volumes around the same level as that in the third quarter of 2010.
Loan volume with collateral and/or guarantees gif - 17 KB [17 KB]

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Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; Reference area: Euro area (changing composition); BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z]; Original maturity: Total; MFI interest rate data type: Business volume (outstanding amount / new business); Amount category: Up to and including EUR 0.25 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business Currency of transaction: Euro; IR business coverage: New business

Dataset Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; Reference area: Euro area (changing composition); BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z]; Original maturity: Total; MFI interest rate data type: Business volume (outstanding amount / new business); Amount category: Over EUR 0.25 million and up to EUR 1 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business

Download data excel12book - 37 KB [37 KB]

Interest rates for loans up to and including €0.25 million and over €0.25 million and up to €1 million; with collateral and/or guarantees; per country in euro area; average in 2013 (Jan-Jul)

The July 2013 data on average interest rates for loans (with collateral and/or guarantees) up to and including €0.25 million; and over €0.25 million and up to €1 million indicates the following:

  • Loans up to and including €0.25 million have higher average interest rates than loans over €0.25 million and up to €1 million.
  • The average interest rate for loans up to and including €0.25 million is 4.7%, while for loans over €0.25 million and up to €1 million it is 3.8%.
  • Portugal, Greece, Cyprus and Slovenia have the highest average interest rates for loans up to €0.25 million (ranging from 6.2% to 7.1%).
  • Cyprus, Portugal and Slovenia have the highest average interest rate for loans over €0.25 million and up to €1 million (ranging from 5.8% to 6.4%).
  • Austria, France and Luxemburg have the lowest average interest rates for loans up to and including €0.25 million (ranging from 2.0% to 2.7%), and also for loans over €0.25 million and up to €1 million (ranging from 1.9% to 2.3%).
  • Data for the period 2010 to 2013 for both categories of loans (see dataset), suggests that interest rates on loans in Portugal and Italy increased by an average of 2%, whilst Spain and Greece increased by an average of 1%. This is in contrast to all other countries in the euro area which experienced relatively stable interest rates over this period. Notable also is Estonia which has had a decrease of 2% over the same period.

Data for Belgium and Ireland are not available.

Interest rates for loans with collateral and/or guarantees gif - 22 KB [22 KB]

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Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z] with collateral and/or guarantees; Original maturity: Up to 1 year; MFI interest rate data type: Annualised agreed rate (AAR) / Narrowly defined effective rate (NDER); Amount category: Over EUR 0.25 million and up to EUR 1 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business

Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z] with collateral and/or guarantees; Original maturity: Up to 1 year; MFI interest rate data type: Annualised agreed rate (AAR) / Narrowly defined effective rate (NDER); Amount category: Up to and including EUR 0.25 million; BS counterpart sector: Non- Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business

Download data excel12book - 54 KB [54 KB]

Interest rates for loans up to and including €0.25 million and over €0.25 million and up to €1 million; without collateral and/or guarantees; per country in euro area; average in 2013 (Jan-Jul)

The 2013 data on average interest rates for loans (without collateral and/or guarantees) up to and including €0.25 million; and over €0.25 million and up to €1 million indicates the following:

  • Loans up to and including €0.25 million have higher average interest rates than loans over €0.25 million and up to €1 million.
  • The average interest rate for loans up to and including €0.25 million is 4.6%, while for loans over €0.25 million and up to €1 million it is 3.5%.
  • Portugal, Greece, Cyprus and Slovenia have the highest average interest rates for loans up to and including €0.25 million (ranging from 6.1% to 7.2%).
  • Cyprus, Portugal, and Slovenia have the highest average interest rates for loans over €0.25 million and up to €1 million (ranging from 5.5% to 6.7%)
  • Luxembourg, Belgium, France, Austria and Finland have the lowest average interest rates for loans up to and including €0.25 million (ranging from 2.3% to 3.0%), and also for loans over €0.25 million and up to €1 million (ranging from 1.9% to 2.4%)
  • If historical data is examined over the period 2010-2013 then Portugal, Italy, Spain and Greece experienced increases in their average interest rate (ranging from 0.5% to 1.0%) relative to other countries in the euro area.

Full data is not available for Greece.

Interest rates for loans without collateral and/or guarantees gif - 24 KB [24 KB]

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Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z]; Original maturity: Up to 1 year; MFI interest rate data type: Annualised agreed rate (AAR) / Narrowly defined effective rate (NDER); Amount category: Up to and including EUR 0.25 million BS counterpart sector: Non-Financial corporations (S.11) Currency of transaction: Euro; IR business coverage: New business

Dataset Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z]; Original maturity: Up to 1 year; MFI interest rate data type: Annualised agreed rate (AAR) / Narrowly defined effective rate (NDER); Amount category: Over EUR 0.25 million and up to EUR 1 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business

Download data excel12book - 52 KB [52 KB]

Interest rates for loans up to and including €0.25 million and over €0.25 million and up to €1 million; with collateral and/or guarantees; euro area; quarterly average (Q4 2010 – Q2 2013)

The quarterly average data over time (fourth quarter of 2010 to second quarter 2013) on interest rates for loans (with collateral and/or guarantees) up to and including €0.25 million; and over €0.25 million and up to €1 million indicates the following:

  • The general pattern over time is broadly similar for loans up to and including €0.25 million; and over €0.25 million and up to €1 million.
  • The interest rate paid for loans up to and including €0.25 million is consistently greater than the interest rate paid for loans over €0.25 million and up to €1 million. The difference is on average around 1.2%.
  • For loans up to and including €0.25 million, the average interest rate had been steadily increasing from 3.95% in the fourth quarter of 2010 to 4.92% in the opening quarter of 2012, however it has since declined to 4.2% (second quarter 2013).
  • For loans over €0.25 million and up to €1 million, interest rates increased from the last quarter of 2010 to the fourth quarter in 2011, followed by a decline throughout 2012 and 2013 to 2.8% in the second quarter of 2013.
Interest rates for loans with collateral and/or guarantees in the euro area gif - 15 KB [15 KB]

(Click on chart to see a larger version)

Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; Reference area: Euro area (changing composition); BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z] with collateral and/or guarantees; Original maturity: Up to 1 year; MFI interest rate data type: Annualised agreed rate (AAR) / Narrowly defined effective rate (NDER); Amount category: Over EUR 0.25 million and up to EUR 1 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business.

Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; Reference area: Euro area (changing composition); BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z] with collateral and/or guarantees; Original maturity: Up to 1 year; MFI interest rate data type: Annualised agreed rate (AAR) / Narrowly defined effective rate (NDER); Amount category: Up to and including EUR 0.25 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business.

Download data excel12book - 34 KB [34 KB]

Interest rates for loans up to and including €0.25 million and over €0.25 million and up to €1 million; without collateral and/or guarantees; euro area; quarterly average (Q4 2010 – Q2 2013)

The quarterly average data over time (fourth quarter of 2010 to second quarter 2013) on interest rates for loans (without collateral and/or guarantees) up to and including €0.25 million; and over €0.25 million and up to €1 million indicates the following:

  • The general pattern over time is broadly similar for loans up to and including €0.25 million; and over €0.25 million and up to €1 million.
  • Loans up to and including €0.25 million have higher interest rates than loans over €0.25 million and up to €1 million.
  • Interest rates for loans up to and including €0.25 million show a rising trend from 3.9% in the fourth quarter of 2010 and peaking at 5% in the opening quarter of 2012. It has declined since to 4.6% (quarter two 2013)
  • Interest rates on loans over €0.25 million and up to €1 million followed a similar trend declining to 2.88% in quarter two 2013.
Interest rates for loans without collateral and/or guarantees in the euro area gif - 15 KB [15 KB]

(Click on chart to see a larger version)

Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; Reference area: Euro area (changing composition); BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z]; Original maturity: Up to 1 year; MFI interest rate data type: Annualised agreed rate (AAR) / Narrowly defined effective rate (NDER); Amount category: Up to and including EUR 0.25 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business

Dataset characteristics: MFI Interest Rate Statistics; Frequency: Monthly; Reference area: Euro area (changing composition); BS reference sector breakdown: Credit and other institutions (MFI except MMFs and central banks); Balance sheet item: Loans other than revolving loans and overdrafts, convenience and extended credit card debt [A20-A2Z]; Original maturity: Up to 1 year; MFI interest rate data type: Annualised agreed rate (AAR) / Narrowly defined effective rate (NDER); Amount category: Over EUR 0.25 million and up to EUR 1 million; BS counterpart sector: Non-Financial corporations (S.11); Currency of transaction: Euro; IR business coverage: New business

Download data excel12book - 34 KB [34 KB]

Overall

When comparing quarterly loan volume data for the euro area, with and without collateral and/or guarantees (third period of 2010 to the second quarter of 2013), the following can be observed:

  • Loan volumes without collateral and/or guarantees up to and including €0.25 million are consistently higher than those for loans of over €0.25 million and up to €1 million. In contrast, for loans with collateral and/or guarantees it is the over €0.25 million and up to €1 million category in which volume is higher.
  • Overall, similar pattern is found for with and without collateral and/or guarantees but the overall volumes are much less for the with collateral and/or guarantees category (nearly half of without collateral and/or guarantees).

When comparing interest rate data per country in the euro area, with and without collateral and/or guarantees (second quarter of 2013), the following points can be observed:

  • Loans up to and including €0.25 million have higher average interest rates than loans over €0.25 million and up to €1 million, with and without collateral and/or guarantees.
  • For both loan sizes the average interest rates are similar, with and without collateral and/or guarantees.
  • Portugal, Greece, Cyprus and Slovenia have the highest average interest rates for loans up to and including €0.25 million, with and without collateral and/or guarantees.
  • Cyprus, Portugal and Slovenia have the highest average interest rates for loans over €0.25 million and up to €1 million, with and without collateral and/or guarantees.
  • Luxembourg, France, Austria and Finland have the lowest average interest rates for loans up to and including €0.25 million; and for loans over €0.25 million and up to €1 million – with and without collateral and/or guarantees.
  • Over the period 2010-2012, Portugal, Italy, Spain and Greece experience increases in their average interest rate which is in contrast to other countries in the euro area which experience relatively stable interest rates, with and without collateral and/or guarantees. Estonia is the exception with a decreases average interest rate over the same period.

When comparing interest rate data for the euro area with and without collateral and/or guarantees (fourth quarter of 2010 to second quarter of 2013), the following points can be observed:

  • The general trends in the quarterly average interest rates for loans are similar over time and interest rates for loans both with and without collateral present very similar values.
  • Nonetheless, interest rates for loans without collateral and/or guarantees have always been slightly lower than those with collateral. However in the first quarter of 2012, interest rates on loans without collateral and/or guarantees exceed the rates on loans with collateral and/or guarantees for the first time and this trend has continued into 2013(2.8% and 4.24% compared to 2.9% and 4.6%).

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