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Corporate loans at particularly low rates in France

Author

Listed:
  • S. Avouyi-Dovi.
  • R. Lecat.
  • C. O’Donnell.
  • B. Bureau.
  • J.-P. Villetelle.

Abstract

Bank lending rates to firms have fallen sharply since the crisis, notably as a result of monetary policy measures, but they are also more dispersed, which points to a stronger discrimination by banks. Loans with particularly low interest rates represent a significant share of new loans, and they are extended mainly to healthy firms.

Suggested Citation

  • S. Avouyi-Dovi. & R. Lecat. & C. O’Donnell. & B. Bureau. & J.-P. Villetelle., 2016. "Corporate loans at particularly low rates in France," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 41, pages 27-39, spring.
    • Handle: RePEc:bfr:quarte:2016:41:03
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Avouyi-Dovi, S. & Lecat, R. & O’Donnell, C. & Bureau, B. & Villetelle, J-P., 2016. "Are insolvent firms being kept afloat by excessively low interest rates?," Rue de la Banque, Banque de France, issue 29, september.
    2. Altavilla, Carlo & Lemke, Wolfgang & Linzert, Tobias & Tapking, Jens & von Landesberger, Julian, 2021. "Assessing the efficacy, efficiency and potential side effects of the ECB’s monetary policy instruments since 2014," Occasional Paper Series 278, European Central Bank.

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    More about this item

    Keywords

    loans to non-financial corporations; bank lending rates; Banque de France rating; “zombie lending”;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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