-+ 0.00%
-+ 0.00%
-+ 0.00%
Commerzbank CEO Bettina Orop told Bloomberg TV that the bank saw demand for German investment loans lower than expected. In an interview with Bloomberg TV's Lisa Abramowicz, she said, “Overall, especially among our core customer group, German SMEs, we are currently not seeing a rebound in loan demand at all.” The infrastructure, defense, renewable energy to some extent, and machinery and equipment are exceptions. Deutsche Commerzbank's loan growth was mainly driven by international business and investment by German customers in the US and Asia. Interest rates are not a major constraint; energy costs, administrative procedures, labor costs, and resource bottlenecks put pressure on them. Currently, overall market sentiment is improving.
Share
Listen to the news
Commerzbank CEO Bettina Orop told Bloomberg TV that the bank saw demand for German investment loans lower than expected. In an interview with Bloomberg TV's Lisa Abramowicz, she said, “Overall, especially among our core customer group, German SMEs, we are currently not seeing a rebound in loan demand at all.” The infrastructure, defense, renewable energy to some extent, and machinery and equipment are exceptions. Deutsche Commerzbank's loan growth was mainly driven by international business and investment by German customers in the US and Asia. Interest rates are not a major constraint; energy costs, administrative procedures, labor costs, and resource bottlenecks put pressure on them. Currently, overall market sentiment is improving.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending