France business loans over €1M: 12-month flows
France business loans over €1M: 12-month flows stood at 243,305 EUR million in Aug 2026, according to ECB Data Portal – Balance sheet items of monetary financial institutions (BSI), France. It is one of the indicators in the Bank credit outstanding table (Value · Monthly), with a complete series running from Dec 2003 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Bank credit outstanding table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| New loans to non-financial corporations, amounts | |||||||||||
| Loans over EUR 1 million, 12-month cumulative flows | 243,305 | 240,944 | 242,759 | 240,626 | 238,686 | 235,217 | 230,157 | 231,521 | 230,009 | 224,285 | |
| Loans excluding overdrafts up to 1 year, 12-month cumulative flows | 209,713 | 206,441 | 206,743 | 204,408 | 203,003 | 200,304 | 195,937 | 197,348 | 195,820 | 191,059 |
Understanding france business loans over €1M: 12-month flows
Rolling 12-month totals of newly originated bank loans exceeding the large-ticket principal threshold for non-financial corporations are captured by this series. By accumulating monthly flows across an entire year, the indicator smooths out erratic monthly spikes caused by individual jumbo corporate transactions. The scope includes large fixed-term commercial loans while excluding small-ticket business borrowing and market-traded debt instruments.
Evaluating this series requires understanding that cumulative large-ticket flows reflect capital expenditure cycles among major enterprises rather than short-term liquidity management. Analysts should avoid treating this figure as a net debt indicator, given that loan maturities and prepayments occurring during the 12-month window are not deducted. Comparisons with smaller loan flows reveal how credit allocation diverges between major industrial groups and smaller commercial enterprises.
Frequently asked questions
- Why use a 12-month flow for large corporate loans instead of monthly figures?
- It prevents single large project financing deals from distorting the assessment of underlying corporate credit trends.
- Does this metric include debt securities issued by large corporations?
- No, the series is restricted to bank-originated loan contracts above the threshold.
- What economic activity is typically reflected in shifts of this indicator?
- Major capital expenditure programs, infrastructure investments, and large corporate acquisitions drive these cumulative flows.