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News from 2021-04-20 / KfW Research
KfW-ifo Credit Constraint Indicator April 2021
Large companies find it easier to access loans again – banks remain restrictive for SMEs
The share of businesses in credit negotiations continued to decline in the first quarter of 2021. Large companies’ demand has stagnated at the low level of the previous quarter. Reluctance to invest and uncertainty about the further course of the pandemic and an increased debt burden in parts of the corporate sector, as well as government guarantee programmes and subsidies are likely to curb credit demand. Banks are slightly tightening their lending policies again but only for SMEs. Large companies, especially in the manufacturing sector, are once again finding it much easier to access bank loans.