Loans to households in the Euro Area rose 4.2 percent year-on-year in November 2021, accelerating from 4.1 percent in the previous month and matching August's increase, which was the largest since November 2008. In addition, credit to companies was up 2.9 percent, up from 2.5 percent in October. Private sector credit growth including households and non-financial corporations accelerated to 3.7 percent in November, compared with 3.4 percent in the previous month. Lending in the Eurozone surged this year amid low interest rates, rising demand for mortgages and short-term funding needs stemming from supply bottlenecks. source: European Central Bank

Loan Growth in the Euro Area averaged 3.61 percent from 2004 until 2021, reaching an all time high of 9.90 percent in March of 2006 and a record low of -0.40 percent in November of 2013. This page provides the latest reported value for - Euro Area Private Credit Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Household Credit Growth - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Loan Growth in Euro Area is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Household Credit Growth is projected to trend around 2.30 percent in 2022 and 2.40 percent in 2023, according to our econometric models.

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Euro Area Household Credit Growth


Euro Area Household Credit Growth
In the Euro Area, loan growth refers to year over year change in loans to households adjusted for sales and securitisation.
Actual Previous Highest Lowest Dates Unit Frequency
4.20 4.10 9.90 -0.40 2004 - 2021 percent Monthly
Current Prices, SA

Calendar GMT Actual Previous Consensus TEForecast
2021-11-26 09:00 AM Oct 4.1% 4.1% 4.1%
2021-12-29 09:00 AM Nov 4.2% 4.1% 4.1%
2022-01-28 09:00 AM Dec 4.2% 4.2%


Related Last Previous Unit Reference
Interest Rate 0.00 0.00 percent Dec/21
Money Supply M1 11155921.00 11115828.00 EUR Million Nov/21
Money Supply M2 14584944.00 14538467.00 EUR Million Nov/21
Money Supply M3 15390560.00 15330668.00 EUR Million Nov/21
Central Bank Balance Sheet 8573280.00 8566372.00 EUR Million Jan/22
Foreign Exchange Reserves 77.86 76.29 USD Billion Dec/21
Loans to Private Sector 4933714.00 4912891.00 EUR Million Nov/21
Lending Rate 0.25 0.25 percent Jan/22
Deposit Interest Rate -0.50 -0.50 percent Dec/21
Loan Growth 4.20 4.10 percent Nov/21


News Stream
Loans to Eurozone Households Rise Most in 13Y
Loans to households in the Euro Area rose 4.2 percent year-on-year in November 2021, accelerating from 4.1 percent in the previous month and matching August's increase, which was the largest since November 2008. In addition, credit to companies was up 2.9 percent, up from 2.5 percent in October. Private sector credit growth including households and non-financial corporations accelerated to 3.7 percent in November, compared with 3.4 percent in the previous month. Lending in the Eurozone surged this year amid low interest rates, rising demand for mortgages and short-term funding needs stemming from supply bottlenecks.
2021-12-29
Eurozone Household Credit Growth Remains Close to 13-Year High
Loans to households in the Euro Area rose 4.1 percent year-on-year in October 2021, the same pace as in the previous month and close to the rate seen in August, which was the fastest since November 2008. In the meantime, credit to companies was up 2.5 percent, compared with 2.1 percent in September. Private sector credit growth including households and non-financial corporations accelerated to 3.4 percent in October, compared with 3.2 percent in the previous month.
2021-11-26
Eurozone Household Credit Growth Eases Slightly
Loans to households in the Euro Area rose 4.1 percent year-on-year in September 2021, a pace that was little-changed from the previous month's 4.2 percent increase, which was the fastest since November 2008. In the meantime, credit to companies was up 2.1 percent, compared with 1.5 percent in August. Private sector credit growth including households and non-financial corporations accelerated to 3.2 percent in September, compared with 3.0 percent in the previous month.
2021-10-27