France bank lending margins and leverage
France bank lending margins and banking risk indicators are published monthly by the ECB.
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | 07-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lending margins4 | ||||||||||||||||||||||||||||||||||||||
| Lending margin on new loans to households and firms | 0.99 | 1.09 | 1.13 | 1.2 | 1.25 | 1.24 | 1.26 | 1.24 | 1.19 | 1.18 | 1.23 | 1.18 | 1.25 | 1.22 | 1.11 | 1.13 | 1.08 | 0.89 | 0.95 | 0.94 | 0.84 | 0.86 | 0.71 | 0.59 | 0.75 | 0.67 | 0.42 | 0.64 | 0.66 | 0.67 | 0.6 | 0.56 | 0.54 | 0.52 | 0.45 | 0.37 | 0.58 | |
| Lending margin on new loans for house purchase | 0.67 | 0.71 | 0.84 | 0.88 | 0.93 | 0.95 | 0.95 | 0.82 | 0.87 | 0.87 | 0.89 | 0.95 | 0.86 | 0.84 | 0.75 | 0.66 | 0.52 | 0.31 | 0.25 | 0.14 | 0.09 | 0.04 | -0.14 | -0.23 | -0.24 | -0.28 | -0.33 | -0.35 | -0.33 | -0.35 | -0.32 | -0.42 | -0.46 | -0.52 | -0.5 | -0.39 | -0.48 | |
| Lending margin on new loans to non-financial corporations | 1.11 | 1.26 | 1.27 | 1.33 | 1.37 | 1.37 | 1.4 | 1.39 | 1.34 | 1.34 | 1.37 | 1.34 | 1.41 | 1.39 | 1.3 | 1.36 | 1.3 | 1.14 | 1.24 | 1.2 | 1.15 | 1.17 | 1.04 | 1.05 | 1.11 | 1.02 | 0.68 | 0.98 | 0.99 | 1.01 | 0.92 | 0.85 | 0.94 | 0.92 | 0.77 | 0.84 | 1 | |
| Lending margin on outstanding loans to households and firms | 0.25 | 0.26 | 0.26 | 0.27 | 0.27 | 0.29 | 0.21 | 0.21 | 0.19 | 0.17 | 0.1 | 0.1 | 0.08 | 0.08 | -0.01 | -0.03 | -0.08 | -0.11 | -0.2 | -0.21 | -0.27 | -0.38 | -0.37 | -0.44 | -0.44 | -0.48 | -0.53 | -0.51 | -0.52 | -0.49 | -0.52 | -0.38 | -0.33 | -0.31 | -0.26 | -0.26 | -0.24 | |
| Credit growth and structure6 | ||||||||||||||||||||||||||||||||||||||
| New loans to households and firms, annual growth | 6.18 | 6.52 | 6.45 | 6.44 | 7.05 | 7.81 | 9.69 | 10.51 | 11.49 | 11.21 | 11.25 | 9.38 | 8.86 | 9.93 | 8.79 | 9.16 | 7.46 | 3.44 | 0.92 | -1.9 | -4.89 | -6.86 | -9.26 | -10.2 | -12.41 | -16.04 | -17.93 | -20.62 | -22.14 | -22.3 | -22.19 | -21.58 | -22.02 | -20.94 | -19.16 | -17.63 | -14.76 | |
| Share of variable-rate new loans to households and firms | 46.41 | 40.09 | 38.49 | 39.94 | 42.86 | 36.03 | 38.72 | 43.77 | 38.23 | 35.35 | 40.55 | 32.9 | 40.27 | 39.25 | 37.09 | 37.1 | 39.75 | 40.54 | 38.58 | 45.62 | 39.1 | 41.22 | 42.12 | 37.54 | 42.91 | 44 | 48.3 | 42.99 | 42.59 | 41.38 | 40.63 | 44.93 | 38.24 | 39.75 | 42.34 | 35.69 | 39.02 | |
| Share of variable-rate new loans for house purchase | 2.98 | 4.53 | 3.27 | 2.6 | 2.75 | 3.14 | 2.6 | 3.16 | 3.06 | 2.94 | 3.18 | 3.23 | 3.17 | 3.29 | 4.04 | 3.3 | 3.06 | 3.4 | 3.94 | 3.55 | 3.33 | 4.25 | 3.78 | 4.12 | 5.11 | 4.45 | 4.34 | 3.65 | 3.92 | 3.67 | 3.32 | 2.65 | 2.59 | 3.2 | 3.33 | 4.22 | 2.86 | |
| Share of loans for house purchase in total credit to residents | 36.11 | 36.16 | 36.16 | 36.15 | 36.39 | 36.55 | 36.49 | 36.62 | 36.51 | 36.56 | 37.08 | 37.04 | 36.77 | 36.8 | 37 | 37.05 | 37.11 | 37.13 | 37.23 | 37.16 | 37.32 | 37.18 | 37.67 | 37.7 | 37.53 | 37.62 | 37.84 | 38.08 | 38.24 | 38.37 | 38.36 | 38.99 | 39.06 | 39.13 | 38.87 | 39.02 | 38.64 | |
| Share of credit to general government in bank total assets | 4.37 | 4.37 | 4.45 | 4.45 | 4.45 | 4.43 | 4.5 | 4.53 | 4.53 | 4.52 | 4.49 | 4.39 | 4.42 | 4.39 | 4.36 | 4.36 | 4.32 | 4.31 | 4.35 | 4.23 | 4.13 | 4.11 | 4.13 | 4.1 | 4.06 | 4.09 | 4.02 | 3.97 | 3.95 | 3.93 | 3.89 | 3.91 | 3.82 | 3.78 | 3.81 | 3.81 | 3.71 | |
| Share of interbank loans in total loans | 36.62 | 36.81 | 36.98 | 36.94 | 36.66 | 36.68 | 36.94 | 36.03 | 35.84 | 36.23 | 36.2 | 36.5 | 36.38 | 36.45 | 36.3 | 36.44 | 35.65 | 35.78 | 35.58 | 35.7 | 35.52 | 35.74 | 35.19 | 35.43 | 35.6 | 35.5 | 35.96 | 35.95 | 35.64 | 35.91 | 35.63 | 34.79 | 34.97 | 34.87 | 34.7 | 34.23 | 34.85 | |
| Funding and leverage4 | ||||||||||||||||||||||||||||||||||||||
| Leverage ratio of banks | 7.15 | 7.17 | 7.22 | 7.24 | 7.25 | 7.12 | 7.13 | 7.27 | 7.17 | 7 | 7.08 | 7.04 | 7.02 | 7.06 | 7.04 | 7.07 | 7.1 | 6.93 | 7.02 | 7.13 | 7.04 | 7.09 | 7.15 | 7.05 | 7.04 | 7.11 | 7.04 | 6.96 | 7.05 | 6.94 | 6.98 | 7.12 | 6.95 | 6.95 | 7.14 | 7.11 | 7.13 | |
| Maturity mismatch of banks | 78.72 | 78.56 | 78.52 | 78.35 | 78.13 | 78.35 | 78.35 | 78.23 | 78.35 | 78.13 | 77.99 | 78.34 | 78.28 | 78.12 | 78.31 | 78.24 | 78.15 | 78.11 | 77.73 | 77.52 | 77.74 | 77.5 | 77.45 | 77.95 | 78.02 | 77.47 | 77.96 | 77.88 | 77.68 | 77.99 | 77.88 | 78.24 | 78.71 | 78.54 | 78.66 | 79.2 | 79.16 | |
| Non-deposit funding of banks | 15.59 | 15.61 | 15.64 | 15.64 | 15.72 | 15.61 | 15.61 | 15.73 | 15.65 | 15.62 | 15.86 | 15.8 | 15.81 | 15.78 | 15.69 | 15.55 | 16.03 | 16.12 | 16.31 | 16.42 | 16.25 | 16.26 | 16.32 | 16.02 | 16.05 | 16.22 | 15.96 | 15.98 | 16.16 | 15.85 | 15.83 | 16 | 15.69 | 15.63 | 15.45 | 15.19 | 15.15 | |
| Share of short-term funding in market funding | 77.36 | 77.29 | 77.14 | 77.07 | 76.74 | 77.05 | 77.04 | 76.52 | 76.85 | 76.89 | 76.5 | 76.81 | 76.76 | 76.7 | 76.98 | 76.98 | 76.51 | 76.58 | 76.1 | 75.63 | 76.14 | 76.06 | 75.82 | 76.47 | 76.43 | 76.04 | 76.69 | 76.69 | 76.28 | 76.8 | 76.7 | 76.72 | 77.4 | 77.26 | 77.38 | 77.89 | 77.93 |
Latest reading
The latest reading is 0.99 Percentage points, for Jul 2026. That is −9.1% from Jun 2026 and −20.4% from a year earlier. The series on this page is monthly and runs from Jan 2003 to Jul 2026. Source: ECB Data Portal – Risk assessment indicators (RAI), France.
- Latest
- 0.99 Percentage points
- Jul 2026
- vs previous period
- −9.1%
- Jun 2026
- vs a year earlier
- −20.4%
About this data
France bank lending margins and banking risk indicators are published monthly by the ECB. This dataset tracks lending margins on new and outstanding loans to French households and non-financial corporations since 1997. It also includes the share of variable-rate loans, bank leverage ratios, and funding structures.
Frequently asked questions
- What do France bank lending margins measure?
- France bank lending margins measure the difference between the interest rates charged on new or outstanding loans to households and firms and the corresponding market reference rates, reflecting bank profitability and risk pricing.
- How often are French banking risk indicators updated?
- These risk assessment indicators for France are compiled and published on a monthly basis by the European Central Bank (ECB), with historical series starting in 1997.
- What leverage and funding metrics are included for French banks?
- The dataset includes the leverage ratio of banks, maturity mismatch, non-deposit funding shares, and the proportion of short-term funding in market funding to assess liquidity and solvency risks in France.
- Why is the share of variable-rate loans in France important?
- The share of variable-rate new loans for house purchases and business lending indicates how quickly changes in monetary policy interest rates are transmitted to borrowers in the French economy.
