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12 Loans to the domestic private sector

12 Loans to the domestic private sector

28.10.2019 DE

Loans to the domestic non-financial private sector constitute loans granted by monetary financial institutions (MFIs, excluding the Deutsche Bundesbank) in Germany to non-financial corporations and households resident in Germany. The published figures are adjusted for purely accounting-related movements that are not caused by any underlying business transactions. This notably includes write-downs/write-offs. The loan data are also adjusted for sales and securitisation, because, in terms of reporting, securitised loans (if they are derecognised from MFIs' balance sheets) reduce the stock of loans originated by MFIs, even though the volume of MFI loans provided to the real economy remains unchanged. The MFI sector's lending to the non-financial private sector is a key component of the monetary policy transmission process.


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