Finance
Euro zone bank lending is stuck in low gear, ECB data shows
Published by Global Banking & Finance Review®
Posted on January 2, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 2, 2025
1 min readLast updated: January 27, 2026
Euro zone lending grew modestly in November, with business credit growth slowing to 1.0% and household loans rising by 0.9%. M3 money supply increased by 3.8%, the fastest in two years.
FRANKFURT (Reuters) - Lending to euro zone companies and households grew at a modest pace in November, pointing to a lacklustre end of the year for the bloc's economy, European Central Bank data showed on Thursday.
Credit growth to businesses slowed to 1.0% in November from 1.2% in October. While the increase in loans to households was the biggest since August 2023, it was still paltry in historical terms at 0.9%, compared to 0.8% a month earlier.
On the upside, the more volatile M3 measure of money supply, sometimes an indicator of future economic growth, expanded by 3.8%, the briskest pace in two years, and exceeded all expectations in a Reuters poll.
(Reporting by Francesco Canepa; Editing by Toby Chopra)
The article discusses the modest growth in euro zone bank lending as reported by the European Central Bank.
ECB data shows that credit growth to businesses slowed and loans to households increased slightly in November.
The M3 money supply measure expanded by 3.8%, indicating potential future economic growth.
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