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Eurozone lending increases

Eurozone

Lending to companies across the eurozone picked up again in November, according to the European Central Bank (ECB) last week.

The ECB recorded a year-on-year growth of 0.9 percent, a positive development for the European economy.

This increased confidence leading into the new year is very welcome for businesses, and hints towards some success for the ECB’s money-printing scheme. The scheme was meant to buy government bonds.

There was a small dip in the growth rate of the M3 measure of money circulating in the eurozone, but only by 0.2 per cent from October to November. The M3 growth takes into account deposits with a longer maturity, holdings in money market funds, and some debt securities, among other things.

With more lending to companies, businesses looking to expand or begin branches in the eurozone can look to take advantage of this shift. If you are looking for business consultation or corporate finance services, get in touch with a Participating Praxity firm today.