Bundesbank Executive Board member Sabine Mauderer has called on enterprises to diversify their funding. In an op-ed piece in the German Handelsblatt newspaper, she writes that, although bank loans remain important, a variety of funding sources are needed to withstand crises and to remain innovative.

Die Jahreswachstumsrate der weit gefassten Geldmenge M3 ging im August 2020 auf 9,5 % zurück, verglichen mit 10,1 % im Juli. Ihr Dreimonatsdurchschnitt bis August betrug damit 9,6 %.

German banks’ profitability deteriorated further in 2019. However, this is due primarily to strategic restructuring at one big bank, the Bundesbank’s economists note in the latest issue of the Monthly Report, with the resulting negative one-off effect overshadowing the growth in profit for the financial year observed for all other categories of banks.