KfW Credit Market Outlook: Companies want more credit again - strongest increase since the end of 2022
Above all, the energy sector is investing in new infrastructure. However, the promotional bank KfW does not yet see a turning point. Higher financing costs could slow down growth.
Germany's corporate lending has seen a significant increase, with a 3.4% rise in new loans compared to the same quarter last year, according to KfW's credit market outlook. However, experts warn that this growth may not be sustainable due to factors such as rising energy costs and interest rates. KfW expects the growth in new lending to slow down in the second half of the year, with a predicted increase of 1.6% and 1.2% in the third and fourth quarters, respectively.
Despite this, some banks, such as Deutsche Bank, remain optimistic about the development of their corporate client business.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.