KfW Credit Market Outlook October 2019

The boom of the credit market in Germany does not seem to come to an end. New lending business, as estimated by KfW Research, expanded in the second quarter by a strong 7.1% year-on-year. Thus, growth momentum was boosted once again. The main driver, however, was new business with short-term loans. These are often used to finance inventories or liquidity bottlenecks. For this reason, the most recent development is probably an expression of the weak economy, which is clouding the prospects for the lending business.

KfW Credit Market Outlook October 2019(PDF, 100 KB, non-accessible)