Bank lending to households in the Eurozone rose 3% year-on-year to €7.156 trillion in January 2026, below market expectations of 3.1%. The increase reflects a continued recovery in credit demand, supported by the European Central Bank’s recent policy easing. Lending to businesses decreased to 2.8% in January from 3%. Combined, overall credit growth to the private sector, covering both households and non-financial corporations, stood at 3.3%, unchanged from the previous month. source: European Central Bank

The value of loans In the Euro Area increased 3 percent in January of 2026 over the same month in the previous year. Loan Growth in Euro Area averaged 3.36 percent from 2004 until 2026, 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 March of 2026.

The value of loans In the Euro Area increased 3 percent in January of 2026 over the same month in the previous year. Loan Growth in Euro Area is expected to be 2.90 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 2.10 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-29 09:00 AM
Loans to Households YoY
Dec 3% 2.9% 2.9% 3.0%
2026-02-26 09:00 AM
Loans to Households YoY
Jan 3% 3% 3.1% 3.0%
2026-03-27 09:00 AM
Loans to Households YoY
Feb 3%


Related Last Previous Unit Reference
Central Bank Balance Sheet 6226783.00 6234456.00 EUR Million Feb 2026
Deposit Facility Rate 2.00 2.00 percent Feb 2026
Foreign Exchange Reserves 124.87 115.98 USD Billion Jan 2026
ECB Interest Rate 2.15 2.15 percent Feb 2026
Marginal Lending Rate 2.40 2.40 percent Feb 2026
Loans to Households YoY 3.00 3.00 percent Jan 2026
Loans to Non-financial Corporations 5340351.00 5323731.00 EUR Million Jan 2026
Longer-Term Refinancing Operations 10.57 11.23 EUR Billion Dec 2025
Money Supply M1 11225427.00 11092333.00 EUR Million Jan 2026
Money Supply M2 16204710.00 16076999.00 EUR Million Jan 2026
Money Supply M3 17344679.00 17206690.00 EUR Million Jan 2026
Refinancing Operations 10.65 10.04 EUR Billion Dec 2025


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
3.00 3.00 9.90 -0.40 2004 - 2026 percent Monthly
Current Prices, SA

News Stream
Eurozone Lending Growth Misses Expectations
Bank lending to households in the Eurozone rose 3% year-on-year to €7.156 trillion in January 2026, below market expectations of 3.1%. The increase reflects a continued recovery in credit demand, supported by the European Central Bank’s recent policy easing. Lending to businesses decreased to 2.8% in January from 3%. Combined, overall credit growth to the private sector, covering both households and non-financial corporations, stood at 3.3%, unchanged from the previous month.
2026-02-26
Eurozone Lending Growth Beats Expectations
Bank lending to households in the Eurozone rose 3% year-on-year to €7.112 trillion in December 2025, above market expectations of 2.9%. The increase reflects a continued recovery in credit demand, supported by the European Central Bank’s recent policy easing. Lending to businesses also grew 3%. Combined, overall credit growth to the private sector, covering both households and non-financial corporations, eased to 3.3% from 3.4%.
2026-01-29
Eurozone Bank Lending Picks Up in November
Bank lending to households in the Eurozone rose 2.9% year-on-year to €7.094 trillion in November 2025, marking the fastest pace since March 2023 and exceeding market expectations of 2.8%. The increase reflects a continued recovery in credit demand, supported by the European Central Bank’s recent policy easing. Lending to businesses also grew 3.1%, the most since June 2023. Combined, overall credit growth to the private sector, covering both households and non-financial corporations, accelerated to 3.4% from 3%.
2026-01-02