France credit-to-GDP: private sector from domestic banks
France credit-to-GDP: private sector from domestic banks stood at 99.1 % of GDP in Q1 2026, according to BIS – Bank for International Settlements (data.bis.org). It is one of the indicators in the Total credit and debt service (BIS) table (Value · Quarterly), with a complete series running from Q4 1969 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the Total credit and debt service (BIS) table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-financial sector (private and government) | 323.7 | 322.3 | 323.7 | 324.4 | 322.4 | 321.4 | 322.3 | 319.5 | 320.2 | 322.9 | |
| Private non-financial sector | 214.3 | 214.6 | 214.2 | 215.2 | 215 | 214.2 | 213.8 | 214.6 | 214.5 | 216.8 | |
| Private non-financial sector, of which from domestic banks | 99.1 | 99.3 | 99.5 | 100 | 100.3 | 100.7 | 101 | 102.9 | 103.4 | 105.3 |
Understanding france credit-to-GDP: private sector from domestic banks
This measure isolates the proportion of private non-financial sector debt that originates specifically from resident domestic deposit-taking institutions, scaled against national economic output. By excluding credit supplied by foreign lenders, cross-border non-bank entities, and domestic capital markets, it zeroes in on the direct lending exposure carried by the local banking system toward households and non-financial corporations. This distinction helps analysts evaluate the domestic financial sector's direct risk concentration within the broader economy.
When reviewing this series, observers must remember that a declining ratio does not necessarily signal lower overall private leverage, as borrowers may increasingly rely on bond issuances or foreign credit providers. Cross-country comparisons can be misleading if domestic banking sectors play different roles in corporate funding compared to capital markets. Seasonality is generally subdued, but regulatory shifts regarding bank loan classifications can create step changes in the historical series.
Frequently asked questions
- Does this series include loans from foreign banks?
- No, cross-border lending and foreign-sourced credit are excluded, focusing solely on domestic institutions.
- Are bond market issuances by corporations counted here?
- No, debt securities issued directly on capital markets are omitted, as this series targets domestic bank loans.
- What does a drop in this specific ratio imply about borrowers?
- It suggests that private entities are shifting their funding away from domestic banks toward alternative sources like foreign lenders or bond markets.