Corona, lockdown, bottlenecks in supply chains: the past few months have definitely been a stress test for banking relationships. But the worst-case scenario of a widespread credit crunch did not materialize. That shows the current one Banken-Survey, for the FINANCE and FAZ Business Media | research surveyed CFOs, finance managers and treasurers from medium-sized companies and corporations in Germany in the early summer of 2021.
56 percent of the almost 200 financial decision-makers certify that their banks are “open” or even “very open” when granting new loans. A good quarter (28 percent) say “partly, partly”. Only 7 percent state that the banks are “not very open”, and only 1 percent consider the institutes to be “not at all open” (8 percent gave no answer). The result shows that financial institutions are only limited in terms of credit.
The financing is intact, but the banks are on the move as they haven’t been for a long time. They close branches, lay off employees, close entire areas and focus their product range. Renovation and digitization affect almost every house, but in the first half of 2021 Commerzbank was particularly prominent, which has been at the top of the FINANCE rankings of corporate banks for the past five years.
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