Bad debts – Bundesbank praises banks – economy

From the perspective of the Bundesbank, German financial institutions have so far handled the pandemic well. The number of corporate bankruptcies is still very low, board member Joachim Wuermeling told a Bundesbank symposium, according to the speech. “The value adjustments and defaults caused by the pandemic are also currently significantly lower than initially feared.” The bad debt rate was only 1.2% at the end of the first quarter.

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