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Financial Services Report Germany 4th Quarter 2021

Financial Services. Germany, 2021

2021 The Economist Intelligence Unit Ltd. All rights reserved. Reproduced with permission of the copyright owner. No further reproduction is permitted. ;EISSN: 2048-5670

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  • Title:
    Financial Services Report Germany 4th Quarter 2021
  • Subjects: Asset acquisitions ; Balance sheets ; Bank reserves ; Banking industry ; Central banks ; Coronaviruses ; Cost control ; COVID-19 ; Economic conditions ; Financial services ; GDP ; Gross Domestic Product ; Loans ; Pandemics ; Profitability ; Profits ; Savings banks
  • Is Part Of: Financial Services. Germany, 2021
  • Description: A major factor is the three-tiered structure of the banking system: large private commercial banks and state-owned regional lenders (Landesbanken) operate alongside an extensive network of small, local credit co-operatives and public-sector savings banks (owned by local authorities) that service the Mittelstand (small and medium-sized enterprises, or SMEs). Business models of most banks remain geared towards intermediation income, leading to consistently low returns on equity amid pressure on margins from the low-interest rate environment, rising digitisation costs and litigation pay-outs. In the domestic market, large private-sector lenders such as Deutsche Bank and Commerzbank compete with state-owned regional lenders, savings banks and an extensive network of local co-operatives. According to the ECB, the country's five largest credit institutions accounted for 34% of total assets in Germany in 2020.
  • Publisher: New York: The Economist Intelligence Unit N.A., Incorporated
  • Language: English
  • Identifier: EISSN: 2048-5670
  • Source: ProQuest Central
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