Loans to companies in the Euro Area went up 6.6 percent to EUR 4.77 trillion, the most since March 2009, as firms rushed for funding amid the coronavirus crisis. Private sector credit growth including households and non-financial corporations advanced 4.9 percent, compared with a 5 percent rise in March.
Loans to Private Sector in the Euro Area averaged 4237112.50 EUR Million from 2003 until 2020, reaching an all time high of 4929457 EUR Million in January of 2009 and a record low of 2994549 EUR Million in January of 2003. This page provides the latest reported value for - Euro Area Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Loans to Non-financial Corporations - values, historical data and charts - was last updated on June of 2020. source: European Central Bank
Loans to Private Sector in Euro Area is expected to be 4386828.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loans to Private Sector in Euro Area to stand at 4671688.00 in 12 months time. In the long-term, the Euro Area Loans to Private Sector is projected to trend around 4530150.00 EUR Million in 2021 and 4634343.00 EUR Million in 2022, according to our econometric models.