News from 2020-01-13 / KfW Research
KfW Credit Market Outlook December 2019
Corporate lending: slower growth, more caution
Corporate lending in Germany is losing steam again. According to KfW Research, new lending has resumed its downward trend after a brief interruption. In the third quarter, banks extended 4.6% more loans to businesses and self-employed persons. Although this is still a strong increase, it is well below the 7.0% recorded in the second quarter.
The weak economic outlook, the industrial recession and multiple political uncertainties have dampened the appetite for new loans among both banks and businesses – despite the low interest rate levels. This is slowing down new lending momentum. We expect this trend to continue into the new year.
Share page
To share the content of this page with your network, click on one of the icons below.
Note on data protection: When you share content, your personal data is transferred to the selected network.
Data protection
Alternatively, you can also copy the short link: kfw.de/s/enkBbm2u.CI9A
Copy link Link copied