France corporate loans: variable rate up to one year
France corporate loans: variable rate up to one year stood at 3.57% in Aug 2026, according to ECB Data Portal – MFI interest rate statistics (MIR), reported by Banque de France. It is one of the indicators in the Bank interest rates and new loans table (Value · Monthly), with a complete series running from Jan 2003 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Bank interest rates and new loans table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All loans | |||||||||||
| Loans to corporations with a variable rate and an interest rate fixation period of up to one year (new business) | 3.57 | 3.46 | 3.64 | 3.35 | 3.45 | 3.42 | 3.35 | 3.37 | 3.52 | 3.35 | |
| Loans to corporations of up to EUR 1M with an interest rate fixation period of over one & up to five years (new business) | 4.42 | 4.37 | 4.41 | 4.37 | 4.34 | 4.3 | 4.33 | 4.3 | 4.39 | 4.36 |
Understanding france corporate loans: variable rate up to one year
Measuring aggregate commercial borrowing costs across all principal sizes for credit agreements featuring an initial interest rate fixation period of up to one year, this series provides a broad view of intermediate-duration corporate financing. It combines small business loans, mid-tier credit, and large corporate financing packages that share a common annual rate fixation structure. Overdraft facilities and loans with multi-year fixed terms are excluded from this aggregate.
When evaluating this broad annual-fixation metric, analysts must account for compositional shifts between small and large borrowers that can alter the average without any underlying change in bank pricing policy. The series exhibits moderate stability compared to ultra-short floating rates, as the annual fixation window dampens immediate transmission of policy rate movements. Researchers should use this measure to assess general corporate debt servicing conditions across intermediate time horizons.
Frequently asked questions
- Does this aggregate include corporate loans across all principal size brackets?
- Yes, it combines all business borrower sizes under the shared annual rate fixation parameter.
- How does the annual fixation period affect the transmission of monetary policy?
- The yearly lock-in dampens immediate rate volatility compared to short-term floating credit facilities.
- Are multi-year fixed corporate loans counted in this specific dataset?
- No, loans with fixation periods exceeding one year are tracked under separate medium- and long-term headings.