Overview
Bank lending to euro‑zone firms reached a three‑year high in May, according to data released by the European Central Bank on 29 June 2026. The annual growth rate of loans to non‑financial corporations rose to 4 % in May, up from 3.4 % in April, marking the fastest expansion since the period three years earlier. Household lending also expanded, growing by 3.1 % in May compared with 3.0 % in the previous month. The broad M3 monetary aggregate, which measures total money supply in the euro zone, increased to an annual rate of 3.2 % in May, up from 2.7 % in April, indicating a continued acceleration of credit and liquidity in the region.
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