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News from 2021-07-20 / KfW Research

KfW-ifo Credit Constraint Indicator July 2021

In the second quarter of 2021 the share of enterprises in loan negotiations continued trending downward, although the decline in the SME sector was slightly more moderate than in the previous quarters.

Uncertainty about the easing of temporary supply bottlenecks and the impact of virus variants has likely contributed to credit demand declining for over a year now.

Banks are restricting their lending criteria slightly to large enterprises, particularly construction firms. SMEs, especially manufacturers and service providers, can access credit much more easily again.

KfW-ifo Credit Constraint Indicator: July 2021  (PDF, 169 KB, non-accessible)

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