However, individual sectors such as gastronomy and the leisure industry, “which have good hygiene concepts”, were hit very hard. Politicians are trying to compensate for the lost sales. “But you have to honestly say: Even the November grants will not compensate for all losses already incurred,” said the President of the German Savings Banks and Giro Association (DSGV). Even the savings banks could not compensate for lost profits with loans. “It is therefore very important that the aid promised by politicians reaches those affected quickly.”
According to Schleweis, increasing loan defaults are not yet visible in the figures “at the moment”. “On the contrary: Payment behavior has increased, the number of days in arrears is falling, and fewer overdrafts are being used,” said the DSGV boss. “But of course we realistically expect increasing loan defaults in the next few years.” The savings banks had prepared themselves economically for this.
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