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  <Header>
    <ID>BBDZ1_Q_B20_N_G565_F0820_A</ID>
    <Test>false</Test>
    <Truncated>false</Truncated>
    <Prepared>2026-06-25T14:27:22</Prepared>
    <Sender id="BBK">
      <Name xml:lang="de">Deutsche Bundesbank</Name>
      <Contact>
        <Email>presse-information@bundesbank.de</Email>
      </Contact>
    </Sender>
  </Header>
  <bbk:DataSet datasetID="BBK_DOSC">
    <bbk:Series FREQ="Q" BBK_ID="BBDZ1.Q.B20.N.G565.F0820.A" DECIMALS="1" UNIT="in %-Pkt z.Vj." UNIT_MULT="0" BBK_TITLE="Finanzwirtschaftliche Indikatoren (Stand: letzte Veröffentl. des Indikatorensystems Gewerbeimmobilienmarkt) / Mit Gewerbeimmobilienrisiken behaftete Kredite an ausländische Kreditnehmer / Sonstiges Grundstückswesen / Wachstumsbeitrag / Ursprungswerte" BBK_TITLE_ENG="Financial Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Loans to foreign borrowers entailing commercial property risk / other real estate activities / contributions to growth in percentage points / Unadjusted figure" BBK_COMM_SRC="Eigene Berechnungen auf Basis von Angaben aus der Evidenzzentrale für Millionenkredite der Deutschen Bundesbank." BBK_COMM_SRC_ENG="Bundesbank calculations based on data of the Bundesbank s central credit register." BBK_COMM_METH="Gesamtverschuldung nach Angaben der Evidenzzentrale für Millionenkredite der Bundesbank; bestehend aus bilanziellen Krediten, außerbilanziellen Geschäften und Derivaten (Millionenkredite sind definiert nach §14 KWG und §19 KWG (Kreditwesengesetz)). / Näherungsweise Umsetzung der vom Europäischen Ausschuss für Systemrisiken ((ESRB), 2016/14) vorgeschlagenen Abgrenzung. / Kauf, Verkauf, Vermietung und Verwaltung von Gewerbeimmobilien. / Strukturbruch im Jahr 2015 durch Absenkung der Meldeschwelle von 1,5 Mio. Euro auf 1,0 Mio. Euro im 1. Quartal 2015. / Mit dem 1. Quartal 2019 Ausweitung des Kreditbegriffs. Gesamtexposure bereinigt um Positionen des Handelsbestands (Schuldverschreibungen und andere verzinsliche Wertpapiere, Aktien, Beteiligungen und Anteile an Unternehmen) sowie um offene widerrufliche und unwiderrufliche Kreditzusagen." BBK_COMM_METH_ENG="Aggregate debt according to the Bundesbank s central credit register consisting of balance sheet items, off-balance-sheet items and derivatives (as defined according to Sections 14 and 19 of the German Banking Act (Kreditwesengesetz)). / Approximate implementation of the classification put forward by the European Systemic Risk Board ((ESRB), 2016/14). / Purchase, sale, rental and management of commercial real estate. / Structural break in 2015 on account of the reporting threshold being lowered from €1.5 million to €1.0 million in Q1 2015. / With Q1 in 2019 definition of &quot;credit&quot; expanded. Total exposure adjusted for trading portfolio positions (debt securities and other interest-bearing securities, equities, equity interests and shares in enterprises) and for undrawn revocable and irrevocable lending commitments.">
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      <bbk:Obs TIME_PERIOD="2025-01" OBS_VALUE="-1.0" BBK_DIFF="-600.0" BBK_DIFF_Y="-183.3"/>
      <bbk:Obs TIME_PERIOD="2024-10" OBS_VALUE="0.2" BBK_DIFF="108.3" BBK_DIFF_Y="-80.0"/>
      <bbk:Obs TIME_PERIOD="2024-07" OBS_VALUE="-2.4" BBK_DIFF="-366.7" BBK_DIFF_Y="-580.0"/>
      <bbk:Obs TIME_PERIOD="2024-04" OBS_VALUE="0.9" BBK_DIFF="-25.0" BBK_DIFF_Y="200.0"/>
      <bbk:Obs TIME_PERIOD="2024-01" OBS_VALUE="1.2" BBK_DIFF="20.0" BBK_DIFF_Y="-67.6"/>
      <bbk:Obs TIME_PERIOD="2023-10" OBS_VALUE="1.0" BBK_DIFF="100.0" BBK_DIFF_Y="-75.6"/>
      <bbk:Obs TIME_PERIOD="2023-07" OBS_VALUE="0.5" BBK_DIFF="66.7" BBK_DIFF_Y="-91.9"/>
      <bbk:Obs TIME_PERIOD="2023-04" OBS_VALUE="0.3" BBK_DIFF="-91.9" BBK_DIFF_Y="-95.6"/>
      <bbk:Obs TIME_PERIOD="2023-01" OBS_VALUE="3.7" BBK_DIFF="-9.8" BBK_DIFF_Y="-22.9"/>
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      <bbk:Obs TIME_PERIOD="2022-07" OBS_VALUE="6.2" BBK_DIFF="-8.8" BBK_DIFF_Y="10.7"/>
      <bbk:Obs TIME_PERIOD="2022-04" OBS_VALUE="6.8" BBK_DIFF="41.7" BBK_DIFF_Y="183.3"/>
      <bbk:Obs TIME_PERIOD="2022-01" OBS_VALUE="4.8" BBK_DIFF="-11.1" BBK_DIFF_Y="2300.0"/>
      <bbk:Obs TIME_PERIOD="2021-10" OBS_VALUE="5.4" BBK_DIFF="-3.6" BBK_DIFF_Y="640.0"/>
      <bbk:Obs TIME_PERIOD="2021-07" OBS_VALUE="5.6" BBK_DIFF="133.3" BBK_DIFF_Y="1300.0"/>
      <bbk:Obs TIME_PERIOD="2021-04" OBS_VALUE="2.4" BBK_DIFF="1100.0" BBK_DIFF_Y="9.1"/>
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      <bbk:Obs TIME_PERIOD="2020-07" OBS_VALUE="0.4" BBK_DIFF="-81.8" BBK_DIFF_Y="-98.1"/>
      <bbk:Obs TIME_PERIOD="2020-04" OBS_VALUE="2.2" BBK_DIFF="-68.1" BBK_DIFF_Y="-89.8"/>
      <bbk:Obs TIME_PERIOD="2020-01" OBS_VALUE="6.9" BBK_DIFF="-65.5" BBK_DIFF_Y="-60.1"/>
      <bbk:Obs TIME_PERIOD="2019-10" OBS_VALUE="20.0" BBK_DIFF="-3.8" BBK_DIFF_Y="207.7"/>
      <bbk:Obs TIME_PERIOD="2019-07" OBS_VALUE="20.8" BBK_DIFF="-3.7" BBK_DIFF_Y="395.2"/>
      <bbk:Obs TIME_PERIOD="2019-04" OBS_VALUE="21.6" BBK_DIFF="24.9" BBK_DIFF_Y="764.0"/>
      <bbk:Obs TIME_PERIOD="2019-01" OBS_VALUE="17.3" BBK_DIFF="166.2" BBK_DIFF_Y="981.3"/>
      <bbk:Obs TIME_PERIOD="2018-10" OBS_VALUE="6.5" BBK_DIFF="54.8" BBK_DIFF_Y="2266.7"/>
      <bbk:Obs TIME_PERIOD="2018-07" OBS_VALUE="4.2" BBK_DIFF="68.0" BBK_DIFF_Y="400.0"/>
      <bbk:Obs TIME_PERIOD="2018-04" OBS_VALUE="2.5" BBK_DIFF="56.2" BBK_DIFF_Y="238.9"/>
      <bbk:Obs TIME_PERIOD="2018-01" OBS_VALUE="1.6" BBK_DIFF="633.3" BBK_DIFF_Y="128.6"/>
      <bbk:Obs TIME_PERIOD="2017-10" OBS_VALUE="-0.3" BBK_DIFF="78.6" BBK_DIFF_Y="-120.0"/>
      <bbk:Obs TIME_PERIOD="2017-07" OBS_VALUE="-1.4" BBK_DIFF="22.2" BBK_DIFF_Y="-143.7"/>
      <bbk:Obs TIME_PERIOD="2017-04" OBS_VALUE="-1.8" BBK_DIFF="-357.1" BBK_DIFF_Y="-130.0"/>
      <bbk:Obs TIME_PERIOD="2017-01" OBS_VALUE="0.7" BBK_DIFF="-53.3" BBK_DIFF_Y="-80.6"/>
      <bbk:Obs TIME_PERIOD="2016-10" OBS_VALUE="1.5" BBK_DIFF="-53.1" BBK_DIFF_Y="-80.0"/>
      <bbk:Obs TIME_PERIOD="2016-07" OBS_VALUE="3.2" BBK_DIFF="-46.7" BBK_DIFF_Y="-23.8"/>
      <bbk:Obs TIME_PERIOD="2016-04" OBS_VALUE="6.0" BBK_DIFF="66.7" BBK_DIFF_Y="140.0"/>
      <bbk:Obs TIME_PERIOD="2016-01" OBS_VALUE="3.6" BBK_DIFF="-52.0" BBK_DIFF_Y="227.3"/>
      <bbk:Obs TIME_PERIOD="2015-10" OBS_VALUE="7.5" BBK_DIFF="78.6" BBK_DIFF_Y="314.3"/>
      <bbk:Obs TIME_PERIOD="2015-07" OBS_VALUE="4.2" BBK_DIFF="68.0" BBK_DIFF_Y="240.0"/>
      <bbk:Obs TIME_PERIOD="2015-04" OBS_VALUE="2.5" BBK_DIFF="127.3" BBK_DIFF_Y="128.1"/>
      <bbk:Obs TIME_PERIOD="2015-01" OBS_VALUE="1.1" BBK_DIFF="131.4" BBK_DIFF_Y="109.8"/>
      <bbk:Obs TIME_PERIOD="2014-10" OBS_VALUE="-3.5" BBK_DIFF="-16.7" BBK_DIFF_Y="72.0"/>
      <bbk:Obs TIME_PERIOD="2014-07" OBS_VALUE="-3.0" BBK_DIFF="66.3" BBK_DIFF_Y="77.4"/>
      <bbk:Obs TIME_PERIOD="2014-04" OBS_VALUE="-8.9" BBK_DIFF="20.5" BBK_DIFF_Y="3.3"/>
      <bbk:Obs TIME_PERIOD="2014-01" OBS_VALUE="-11.2" BBK_DIFF="10.4" BBK_DIFF_Y="-111.3"/>
      <bbk:Obs TIME_PERIOD="2013-10" OBS_VALUE="-12.5" BBK_DIFF="6.0" BBK_DIFF_Y="-316.7"/>
      <bbk:Obs TIME_PERIOD="2013-07" OBS_VALUE="-13.3" BBK_DIFF="-44.6" BBK_DIFF_Y="-4333.3"/>
      <bbk:Obs TIME_PERIOD="2013-04" OBS_VALUE="-9.2" BBK_DIFF="-73.6" BBK_DIFF_Y="-1020.0"/>
      <bbk:Obs TIME_PERIOD="2013-01" OBS_VALUE="-5.3" BBK_DIFF="-76.7" BBK_DIFF_Y="-688.9"/>
      <bbk:Obs TIME_PERIOD="2012-10" OBS_VALUE="-3.0" BBK_DIFF="-900.0" BBK_DIFF_Y="11.8"/>
      <bbk:Obs TIME_PERIOD="2012-07" OBS_VALUE="-0.3" BBK_DIFF="-130.0" BBK_DIFF_Y="96.7"/>
      <bbk:Obs TIME_PERIOD="2012-04" OBS_VALUE="1.0" BBK_DIFF="11.1" BBK_DIFF_Y="108.8"/>
      <bbk:Obs TIME_PERIOD="2012-01" OBS_VALUE="0.9" BBK_DIFF="126.5" BBK_DIFF_Y="108.9"/>
      <bbk:Obs TIME_PERIOD="2011-10" OBS_VALUE="-3.4" BBK_DIFF="63.0" BBK_DIFF_Y="17.1"/>
      <bbk:Obs TIME_PERIOD="2011-07" OBS_VALUE="-9.2" BBK_DIFF="19.3" BBK_DIFF_Y="-1740.0"/>
      <bbk:Obs TIME_PERIOD="2011-04" OBS_VALUE="-11.4" BBK_DIFF="-12.9" BBK_DIFF_Y="-914.3"/>
      <bbk:Obs TIME_PERIOD="2011-01" OBS_VALUE="-10.1" BBK_DIFF="-146.3" BBK_DIFF_Y="-910.0"/>
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      <bbk:Obs TIME_PERIOD="2010-04" OBS_VALUE="1.4" BBK_DIFF="240.0" BBK_DIFF_Y="-72.5"/>
      <bbk:Obs TIME_PERIOD="2010-01" OBS_VALUE="-1.0" BBK_DIFF="50.0" BBK_DIFF_Y="-117.9"/>
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      <bbk:Obs TIME_PERIOD="2008-10" OBS_VALUE="6.1" BBK_DIFF="-59.1" BBK_DIFF_Y="-61.9"/>
      <bbk:Obs TIME_PERIOD="2008-07" OBS_VALUE="14.9" BBK_DIFF="23.1" BBK_DIFF_Y="34.2"/>
      <bbk:Obs TIME_PERIOD="2008-04" OBS_VALUE="12.1" BBK_DIFF="-36.6" BBK_DIFF_Y="-32.4"/>
      <bbk:Obs TIME_PERIOD="2008-01" OBS_VALUE="19.1" BBK_DIFF="19.4" BBK_DIFF_Y="117.0"/>
      <bbk:Obs TIME_PERIOD="2007-10" OBS_VALUE="16.0" BBK_DIFF="44.1" BBK_DIFF_Y="28.0"/>
      <bbk:Obs TIME_PERIOD="2007-07" OBS_VALUE="11.1" BBK_DIFF="-38.0" BBK_DIFF_Y="-10.5"/>
      <bbk:Obs TIME_PERIOD="2007-04" OBS_VALUE="17.9" BBK_DIFF="103.4" BBK_DIFF_Y="203.4"/>
      <bbk:Obs TIME_PERIOD="2007-01" OBS_VALUE="8.8" BBK_DIFF="-29.6" BBK_DIFF_Y="-34.8"/>
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      <bbk:Obs TIME_PERIOD="2006-01" OBS_VALUE="13.5" BBK_DIFF="-10.0" BBK_DIFF_Y="5.5"/>
      <bbk:Obs TIME_PERIOD="2005-10" OBS_VALUE="15.0" BBK_DIFF="-17.6" BBK_DIFF_Y="20.0"/>
      <bbk:Obs TIME_PERIOD="2005-07" OBS_VALUE="18.2" BBK_DIFF="36.8" BBK_DIFF_Y="256.9"/>
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</CompactData>
