Corporate loans reached 7,494 USD bil in 2011 in European Union, according to the National Central Bank. This is 1.61 % less than in the previous year.
Historically, corporate loans in European Union reached an all time high of 8,273 USD bil in 2008 and an all time low of 350 USD bil in 1999. When compared to European Union's main peers, corporate loans in Russia amounted to 506 USD bil and 2,520 USD bil in USA in 2011.
European Union has been ranked 1st within the group of 92 countries we follow in terms of corporate loans, 1 places above the position seen 10 years ago.
Corporate loans are loans made to businesses for a specific business purpose.