Several large banks have increased their risk provisioning for potentially bad loans in recent months, including the Commerzbank and several Landesbanken. But the regional banks are obviously getting through the crisis well so far. “It is always said that a large wave of insolvencies will roll on us all, and that it will hit the customers of the regional banks in particular,” says Jürgen Gros, the president of the Bavarian cooperative association. “You can’t see it that way.”
The German Savings Banks and Giro Association says: “Even with a very conservative risk assessment, the savings banks will definitely achieve a positive annual profit after tax in 2020,” says the German Savings Banks and Giro Association (DSGV).
According to Bundesbank figures, lending in Germany has so far been unrestricted during the Corona crisis, the loan portfolio to non-banks in Germany and other euro countries grew by 3.3 percent from the beginning of the year to September.
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