Decline from companies
Consumers are increasingly relying on credit financing
Private consumers are an important support for the economy. Higher demand for financing is a positive signal. However, it does not go up with all the number of loan banks.
Cars, furniture or computer: Germany’s consumers are once again financing larger purchases on pump. The newly granted consumer financing of the banks specializing in lending in Germany in Germany in Germany added up to 57 billion euros. According to the banking specialist association, this was 8.1 percent more than a year earlier, when demand had broken into a rapidly increased prices during the course.
On the other hand, the credit banks recorded a decline in investment financing for companies: For machines, vehicles or special technology, the institutes made fresh 10.8 billion euros available – 3.4 percent less than a year earlier. Because of the economic flaut, many companies are holding back with investments.
In total, the 47 association members at the time awarded new loans in volume of 133 billion euros in 2024. That corresponded to an increase of 4.4 percent in the previous year. At the end of last year, the institutes awarded 202.3 billion euros to consumers and companies.
dpa
Source: Stern
