Access to credit in Germany continues to be strong

Related Content Related Video Related Articles

Lending conditions for German businesses remain favourable in November according to the latest data released by the ifo Institute, although it tightened slightly from 17.7%  to 18.3 % month on month.

“For many companies in Germany, access to credit continues to be available” commented Hans Werner Sinn, president of the ifo Institute.

The monthly  survey measures access to credit among 4000 businesses in Germany, the percentage indicating the share of business struggling to get access to lending.

According to ifo, 21.2% of the construction sector, 18.8 of the retail, 16.6% of the manufacturing sector and 18.3% of the industrial economy reported difficulties to obtain credit.

More than 20% of small businesses struggled to obtain credit while the ratio was at 15% for large businesses.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

Read more from Mona Dohle

preloader
Close Window
View the Magazine





You need to fill all required fields!