Companies in Germany have a need for liquidity.
According to the quarterly report of the Association of German Banks, the number of those who are currently in loan negotiations with banks rose by 23 percent in the second quarter compared to the previous quarter.
Above all, the demand for short-term loans has increased to finance the increased energy and commodity prices and also to satisfy the need for expanded storage.
Here, the credit volume increased by 6.1 percent, according to the banking association, citing data from the Deutsche Bundesbank.
Archibald Preuschat
Editor in Business
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But also - especially - larger companies are asking for medium and long-term loans.
The volume of medium-term loans rose by 3.15 percent and long-term loans by 1.33 percent, according to the banking association.
Branches of foreign banks, foreign banks, large banks and state banks benefited the most from this trend.
According to the Bundesbank, credit banks granted 317.5 billion euros in loans for the real economy, i.e. domestic companies and the self-employed, in the second quarter.
That is 9.9 percent more than in the same period last year.
Landesbanks, whose lending volume in this area was EUR 124 billion, were even able to increase this by 14.8 percent compared to the previous year.
Due to the economic slowdown, banks and companies nonetheless expect demand for credit to fall over the course of the year.
Bank lending standards are also being raised slightly.