News from 2021-06-18 / KfW Research
Business Survey 2021
Coronavirus crisis is putting pressure on businesses – financing environment is becoming more difficult
KfW Group has conducted its 20th business survey on bank behaviour and financing in collaboration with 18 business associations.
The most important findings:
- The financing situation of enterprises has worsened. The proportion of enterprises reporting difficulties in accessing credit was 26.5%.
- Around 60% of the surveyed enterprises conducted loan negotiations in 2020. Long-term loans were particularly sought-after.
- The crisis has weighed on enterprises’ financial situation. That has put downward pressure on ratings, with 34.5% of enterprises reporting a lower credit rating.
- Around two thirds of the surveyed enterprises invested in their business in 2020, although less than the year before. However, investment plans for 2021 point to a recovery.
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