FX.co ★ Eurozone Lending Growth Accelerates in March

In March 2025, bank lending to households in the Eurozone rose by 1.7% compared to the previous year, reaching EUR 6.97 trillion. This growth rate is the fastest observed since June 2023 and exceeded market projections of 1.6%. The increase is largely attributed to heightened credit demand, influenced by the European Central Bank's recent policy easing efforts. Concurrently, business lending also picked up pace, with a 2.3% rise, marking the highest rate since July 2023. Consequently, the overall credit expansion to the private sector, which encompasses both households and non-financial corporations, accelerated to 2.6%, representing the strongest growth since May 2023.