EU countries by MFI corporate loan balances

France had the highest MFI corporate loan balances of 21 EU countries in October 2025, at €1.44 trillion. Malta had the lowest, at €5.95 billion. The median was €63.82 billion. Source: the European Central Bank.

Highest1,439,468France

Lowest5,953.99Malta

Median63,81521 EU countries

Map of EU countries, October 2025

Under 10K
10K to 30K
30K to 80K
80K to 430K
430K and over
No data

EUR million, October 2025. Hatched areas have no value for this period. Source: ECB, ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E). Boundaries: Natural Earth (public domain).

All EU countries, October 2025

EUR million. Source: ECB, ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E). Retrieved 2026-10-12.

Full ranking

Rank	EU countries	October 2025 EUR million	Change on October 2024
1	France	1,439,468	+1.8%
2	Germany	1,373,457	+1.1%
3	Italy	611,198	+0.6%
4	Spain	484,009	+2.8%
5	Netherlands	431,938	+7%
6	Austria	240,429	+0.9%
7	Belgium	187,838	+5.1%
8	Finland	110,484	+0.2%
9	Greece	77,714	+8.4%
10	Portugal	75,310.98	+2.8%
11	Luxembourg	63,815	+1.5%
12	Ireland	57,661	-2%
13	Bulgaria	27,104.98	+9.3%
14	Slovakia	25,695.84	+5.1%
15	Croatia	17,411	+13%
16	Lithuania	14,302	+20%
17	Estonia	11,996	+12.8%
18	Slovenia	11,582.48	+4.8%
19	Cyprus	10,805	+9.3%
20	Latvia	7,057	+18.5%
21	Malta	5,953.99	+8.1%

Other periods

About this ranking

End-of-month stock of loans from resident MFIs excluding central banks to non-financial corporations resident in the euro area, in EUR millions.

Loan stocks are outstanding balances, rather than new lending or transaction flows. They differ from ECB adjusted loan series, which account for loan transfers and notional cash pooling. End-of-month balances, neither seasonally nor working-day adjusted. The country identifies the reporting monetary financial institutions (MFIs), excluding central banks; borrowers or depositors reside anywhere in the euro area. These are not balances of domestic residents only. Households include non-profit institutions serving households. All currencies are combined and reported in EUR millions. The euro area has changing membership; histories vary and missing values are not filled.

Every value in the ranking comes from the same publisher and the same period, so the EU countries are compared on one definition. Equal values share a rank.

How to cite

European Central Bank. ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E). https://data-api.ecb.europa.eu/service/data/BSI/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.N.A.A20.A.1.U2.2240.Z01.E?format=csvdata. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

European Central Bank. (n.d.). ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E) (EU countries by MFI corporate loan balances, 2025-10) [Data set]. Retrieved October 12, 2026, from https://data-api.ecb.europa.eu/service/data/BSI/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.N.A.A20.A.1.U2.2240.Z01.E?format=csvdata

MLA 9

ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E), EU countries by MFI corporate loan balances, 2025-10. European Central Bank, https://data-api.ecb.europa.eu/service/data/BSI/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.N.A.A20.A.1.U2.2240.Z01.E?format=csvdata. Invokely, https://invokely.ai/rankings/mfi-corporate-loan-balances/eu-countries?period=2025-10. Accessed 12 Oct. 2026.

Chicago (author-date)

European Central Bank. n.d. ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E). EU countries by MFI corporate loan balances, 2025-10. Dataset. Accessed October 12, 2026. https://data-api.ecb.europa.eu/service/data/BSI/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.N.A.A20.A.1.U2.2240.Z01.E?format=csvdata. Also distributed by Invokely, https://invokely.ai/rankings/mfi-corporate-loan-balances/eu-countries?period=2025-10.

Harvard

European Central Bank (no date) ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E), EU countries by MFI corporate loan balances, 2025-10 [Dataset]. Available at: https://data-api.ecb.europa.eu/service/data/BSI/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.N.A.A20.A.1.U2.2240.Z01.E?format=csvdata, via Invokely: https://invokely.ai/rankings/mfi-corporate-loan-balances/eu-countries?period=2025-10 (Accessed: 12 October 2026).

BibTeX

@misc{european_eu_countries_by_mfi_2026,
  author = {{European Central Bank}},
  title = {{ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E): EU countries by MFI corporate loan balances, 2025-10}},
  howpublished = {Data set},
  url = {https://data-api.ecb.europa.eu/service/data/BSI/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.N.A.A20.A.1.U2.2240.Z01.E?format=csvdata},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/mfi-corporate-loan-balances/eu-countries?period=2025-10. Publisher attribution: European Central Bank. ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E). https://data-api.ecb.europa.eu/service/data/BSI/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.N.A.A20.A.1.U2.2240.Z01.E?format=csvdata. Retrieved 2026-10-12.},
}

RIS

TY  - DATA
AU  - European Central Bank
TI  - ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E): EU countries by MFI corporate loan balances, 2025-10
PB  - European Central Bank
DB  - Invokely
UR  - https://data-api.ecb.europa.eu/service/data/BSI/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.N.A.A20.A.1.U2.2240.Z01.E?format=csvdata
L2  - https://invokely.ai/rankings/mfi-corporate-loan-balances/eu-countries?period=2025-10
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/mfi-corporate-loan-balances/eu-countries?period=2025-10.
N1  - Publisher attribution: European Central Bank. ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E). https://data-api.ecb.europa.eu/service/data/BSI/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.N.A.A20.A.1.U2.2240.Z01.E?format=csvdata. Retrieved 2026-10-12.
ER  -

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Questions

Which EU country has the highest MFI corporate loan balances?

France, with €1.44 trillion in October 2025, according to the European Central Bank.

Which EU country has the lowest MFI corporate loan balances?

Malta, with €5.95 billion in October 2025.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: European Central Bank, ECB BSI: MFI corporate loan balances, unadjusted end-period stock (M.<area>.N.A.A20.A.1.U2.2240.Z01.E). Retrieved 2026-10-12.