According to a survey by the Ifo Institute in Munich, it is becoming increasingly difficult for companies to obtain credit.
Munich in Germany – According to a survey by the Ifo Institute of Munich, it is becoming increasingly difficult for companies to obtain new loans. Currently, 24.3% of companies currently conducting negotiations have signaled reluctance on the part of banks, the Ifo said Monday. This is the highest value since 2017.
“The current unfavorable economic development is making banks more cautious,” explained Klaus Wohlrabe, head of the Ifo polls. For some companies, economic survival could become difficult without new credit.
According to the survey, 28.8 percent of credit-seeking service providers say banks are reticent. In industry, 8.4% of chemical industry companies said so, and 22.5% of car manufacturers. In retail, according to Ifo, it was just under 15% of these companies.
Micro-enterprises and self-employed workers are the most affected. About every second loan research firm reported that it was difficult to obtain loans. Wohlrabe explained that other forms of financing such as bonds are difficult to use for micro-enterprises. “So they often depend on bank loans.” ilo / pe
