Germany household financial assets and liabilities, quarterly
The financial account of German households: the outstanding stock of financial assets and liabilities by instrument at the end of each quarter, and the transactions during the quarter that build them.
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | Q1-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet (stocks)2 | ||||||||||||||
| Financial assets1 | ||||||||||||||
| Total financial assets5 | 9,489.9 | 9,518.4 | 9,364.3 | 9,235.9 | 9,090.9 | 9,072.1 | 8,927.9 | 8,769.8 | 8,639.4 | 8,435 | 8,163.1 | 8,176.1 | 8,058.3 | |
| Currency and deposits3 | 3,550 | 3,538.4 | 3,468.6 | 3,441.1 | 3,406.6 | 3,408 | 3,351.6 | 3,302.6 | 3,254 | 3,218.7 | 3,148 | 3,132.8 | 3,106.4 | |
| Currency | 522.3 | 516.1 | 502.2 | 490.7 | 477.7 | 473.5 | 461.7 | 453 | 447.4 | 444.3 | 438.9 | 436.5 | 433.2 | |
| Transferable deposits | 1,857.8 | 1,859 | 1,810.2 | 1,787.2 | 1,749.5 | 1,740 | 1,685.5 | 1,661.2 | 1,652.9 | 1,686.3 | 1,705 | 1,737.7 | 1,756 | |
| Other deposits3 | 1,169.9 | 1,163.3 | 1,156.2 | 1,163.2 | 1,179.4 | 1,194.5 | 1,204.4 | 1,188.4 | 1,153.8 | 1,088.1 | 1,004.1 | 958.6 | 917.3 | |
| Time deposits2 | 653.3 | 645.5 | 635.9 | 639.5 | 653 | 660 | 646.3 | 627.9 | 591 | 529 | 472.2 | 427.8 | 383.5 | |
| Short-term time deposits | 384.4 | 381.5 | 379.9 | 391.6 | 406.5 | 413.2 | 394.9 | 379.9 | 351.8 | 301.3 | 260.7 | 217.4 | 173.8 | |
| Long-term time deposits | 268.9 | 264 | 256 | 247.9 | 246.6 | 246.8 | 251.4 | 248 | 239.2 | 227.7 | 211.4 | 210.5 | 209.8 | |
| Savings deposits2 | 380.3 | 384.4 | 390.3 | 393.4 | 393.6 | 399.7 | 405.7 | 413.2 | 424.2 | 438.4 | 455.1 | 474.9 | 497.3 | |
| Short-term savings deposits | 319.6 | 325 | 328 | 331.7 | 335.6 | 340.4 | 345.4 | 354.4 | 367.5 | 388.6 | 414 | 442.6 | 471.4 | |
| Long-term savings deposits | 60.7 | 59.4 | 62.4 | 61.7 | 58 | 59.2 | 60.2 | 58.9 | 56.7 | 49.8 | 41.1 | 32.3 | 25.9 | |
| Savings certificates | 136.3 | 133.4 | 130 | 130.3 | 132.8 | 134.8 | 152.4 | 147.3 | 138.6 | 120.7 | 76.8 | 55.9 | 36.5 | |
| Debt securities2 | 230.7 | 225.9 | 221.8 | 214.3 | 213 | 210.1 | 215.7 | 213.3 | 206.9 | 198.2 | 192.6 | 177.7 | 157.1 | |
| Short-term debt securities | 7.5 | 7.1 | 8.2 | 9.6 | 11.2 | 11.3 | 15 | 16.9 | 18.4 | 12.5 | 16.4 | 15.9 | 11.9 | |
| Long-term debt securities | 223.2 | 218.8 | 213.6 | 204.7 | 201.9 | 198.9 | 200.6 | 196.4 | 188.5 | 185.7 | 176.1 | 161.8 | 145.2 | |
| Equity and investment fund shares4 | 3,084.5 | 3,132.7 | 3,070.3 | 2,994.1 | 2,902.7 | 2,868.8 | 2,791 | 2,734.1 | 2,704.6 | 2,580.3 | 2,480.3 | 2,487.7 | 2,430.5 | |
| Listed shares | 664.2 | 684 | 667.3 | 639.7 | 614.2 | 590.3 | 579.5 | 566.8 | 569.8 | 527.1 | 498.4 | 516.4 | 509.5 | |
| Unlisted shares | 231.5 | 246.4 | 248.5 | 246.6 | 244.4 | 248.6 | 248.3 | 247.3 | 247.1 | 244.4 | 235.2 | 232.6 | 228.8 | |
| Other equity | 870.1 | 886.7 | 882 | 898 | 878.1 | 862.5 | 861 | 855.5 | 850.9 | 846 | 831.3 | 816.8 | 799.1 | |
| Investment fund shares2 | 1,318.6 | 1,315.6 | 1,272.5 | 1,209.7 | 1,165.9 | 1,167.5 | 1,102.2 | 1,064.6 | 1,036.9 | 962.7 | 915.4 | 921.9 | 893.1 | |
| Money-market fund shares | 57.4 | 55.9 | 54.9 | 52.5 | 48.8 | 41.6 | 20.7 | 11.4 | 9.3 | 7.9 | 7 | 5.2 | 3.7 | |
| Non-MMF investment fund shares | 1,261.3 | 1,259.7 | 1,217.6 | 1,157.2 | 1,117.2 | 1,125.9 | 1,081.6 | 1,053.2 | 1,027.6 | 954.8 | 908.4 | 916.7 | 889.4 | |
| Insurance, pension and standardised guarantee schemes3 | 2,621.1 | 2,617.6 | 2,599.8 | 2,582.7 | 2,564.8 | 2,581.4 | 2,565.8 | 2,516 | 2,470.1 | 2,434 | 2,338.5 | 2,374.1 | 2,360.5 | |
| Non-life insurance technical reserves | 53.7 | 47 | 49.6 | 51.1 | 52.1 | 46.3 | 49.8 | 50.2 | 51.8 | 43 | 44.3 | 45.4 | 46.4 | |
| Life insurance and annuity entitlements | 1,257 | 1,260.5 | 1,262.5 | 1,252.6 | 1,242.9 | 1,265.8 | 1,260.7 | 1,218.1 | 1,175.6 | 1,152.2 | 1,089.5 | 1,126 | 1,124.2 | |
| Pension entitlements, Claims of pension funds on pension managers and Provisions for calls under standardised guarantees | 1,310.4 | 1,310.1 | 1,287.8 | 1,279 | 1,269.8 | 1,269.2 | 1,255.2 | 1,247.6 | 1,242.8 | 1,238.8 | 1,204.7 | 1,202.8 | 1,189.8 | |
| Other accounts receivable/payable1 | 3.7 | 3.7 | 3.7 | 3.7 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | |
| Other accounts receivable/payable, excluding trade credits and advances | 3.7 | 3.7 | 3.7 | 3.7 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | |
| Liabilities2 | ||||||||||||||
| Total liabilities2 | 2,180.1 | 2,176.6 | 2,167.6 | 2,151.3 | 2,140.5 | 2,136.4 | 2,131.9 | 2,123.5 | 2,120.3 | 2,122.7 | 2,120.4 | 2,113.2 | 2,107.8 | |
| Loans2 | 2,174.6 | 2,171.1 | 2,162.3 | 2,146.1 | 2,135.4 | 2,131.4 | 2,126.9 | 2,118.5 | 2,115.4 | 2,117.8 | 2,115.6 | 2,108.6 | 2,103.3 | |
| Short-term loans | 56.8 | 56.6 | 56.4 | 55.5 | 54.7 | 54.4 | 54.4 | 53.2 | 54.4 | 55.1 | 55.9 | 56.4 | 56.6 | |
| Long-term loans | 2,117.8 | 2,114.5 | 2,105.9 | 2,090.6 | 2,080.6 | 2,077 | 2,072.4 | 2,065.3 | 2,060.9 | 2,062.7 | 2,059.8 | 2,052.2 | 2,046.7 | |
| Other accounts receivable/payable1 | 5.5 | 5.5 | 5.4 | 5.3 | 5.2 | 5.1 | 5 | 5 | 4.9 | 4.9 | 4.8 | 4.6 | 4.5 | |
| Other accounts receivable/payable, excluding trade credits and advances | 5.5 | 5.5 | 5.4 | 5.3 | 5.2 | 5.1 | 5 | 5 | 4.9 | 4.9 | 4.8 | 4.6 | 4.5 | |
| Debt | 48.4 | 48.7 | 48.9 | 49 | 49.1 | 49.4 | 49.5 | 49.6 | 49.9 | 50.3 | 50.9 | 51.3 | 51.9 | |
| Transactions (flows)2 | ||||||||||||||
| Financial assets1 | ||||||||||||||
| Total financial assets5 | 93.6 | 79 | 76.3 | 66.6 | 88.6 | 81.1 | 71.9 | 70.4 | 83.5 | 62.9 | 58.7 | 62.1 | 70.1 | |
| Currency and deposits3 | 11.1 | 66.6 | 27.6 | 41.1 | 7.3 | 49.2 | 20.6 | 47.8 | 33.7 | 62.3 | 13.4 | 26.3 | -11.5 | |
| Currency | 6.2 | 13.9 | 11.5 | 13 | 4.2 | 11.8 | 8.7 | 5.6 | 3.1 | 5.5 | 2.4 | 3.4 | 2.9 | |
| Transferable deposits | 0.1 | 48.8 | 23 | 37.8 | 14.8 | 54.5 | -7.6 | 8.4 | -33.5 | -18.6 | -32.7 | -18.2 | -60.5 | |
| Other deposits3 | 4.8 | 3.9 | -6.9 | -9.7 | -11.7 | -17.1 | 19.5 | 33.7 | 64.1 | 75.5 | 43.7 | 41.1 | 46.1 | |
| Time deposits2 | 5.9 | 6.4 | -3.5 | -6.9 | -3.7 | -1.1 | 21.9 | 36.1 | 60.4 | 48.4 | 42.6 | 44.1 | 49.6 | |
| Short-term time deposits | 1.1 | 1.1 | -11.6 | -8.3 | -3.4 | 5.8 | 18.5 | 27.2 | 48.9 | 43.6 | 41.6 | 43.4 | 47.3 | |
| Long-term time deposits | 4.9 | 5.3 | 8.1 | 1.4 | -0.2 | -6.9 | 3.4 | 8.9 | 11.5 | 4.8 | 1 | 0.7 | 2.3 | |
| Savings deposits2 | -4.1 | -6 | -3.1 | -0.2 | -6.1 | -6 | -7.6 | -11 | -14.2 | -16.8 | -19.7 | -22.4 | -19.5 | |
| Short-term savings deposits | -5.3 | -2.9 | -3.7 | -3.9 | -6 | -5 | -9 | -13.1 | -21.1 | -25.5 | -28.5 | -28.8 | -23.3 | |
| Long-term savings deposits | 1.2 | -3 | 0.7 | 3.7 | -0.1 | -1 | 1.4 | 2.2 | 6.9 | 8.7 | 8.8 | 6.5 | 3.8 | |
| Savings certificates | 2.9 | 3.4 | -0.3 | -2.6 | -2 | -10 | 5.2 | 8.6 | 17.9 | 43.9 | 20.9 | 19.4 | 16 | |
| Debt securities2 | 7.3 | 1 | 3.2 | 0.8 | 1.3 | -6.9 | -0.7 | 3.8 | 6.3 | 0.7 | 14.3 | 20.4 | 29.7 | |
| Short-term debt securities | 0.5 | -1 | -1.4 | -1.6 | -0.7 | -3.1 | -2 | -1.9 | -2.8 | -4 | 2.1 | 5.7 | 8 | |
| Long-term debt securities | 6.8 | 2 | 4.6 | 2.4 | 2.1 | -3.9 | 1.3 | 5.7 | 9 | 4.7 | 12.2 | 14.8 | 21.7 | |
| Equity and investment fund shares4 | 36.4 | 13.2 | 25.1 | 35.4 | 34.1 | 38 | 34.2 | 23.6 | 16.9 | 9 | 13.7 | 13.5 | 18 | |
| Listed shares | 2.8 | -5.5 | -1.8 | 5.7 | 1.6 | -2.5 | 0.1 | 1.8 | 0.6 | -1.4 | 0.3 | -0.2 | -0.5 | |
| Unlisted shares | -0.6 | -2.3 | -0.9 | 0.6 | -0.3 | -3.5 | 0.2 | 0.7 | 1.1 | 0 | 0.7 | -0.4 | -1.3 | |
| Other equity | 7.1 | 2.6 | 6.3 | 5.2 | 4.5 | 4 | 10.8 | 4.3 | 1.8 | 3.7 | 4.8 | 4.6 | 7.9 | |
| Investment fund shares2 | 27 | 18.4 | 21.5 | 24 | 28.3 | 40 | 23.1 | 16.8 | 13.4 | 6.7 | 7.9 | 9.6 | 11.9 | |
| Money-market fund shares | 1.6 | 1 | 2.3 | 3.7 | 7.3 | 20.8 | 9.2 | 2 | 1.5 | 0.8 | 1.7 | 1.5 | 0.4 | |
| Non-MMF investment fund shares | 25.4 | 17.4 | 19.2 | 20.2 | 21 | 19.2 | 13.9 | 14.8 | 11.9 | 5.9 | 6.2 | 8.1 | 11.5 | |
| Insurance, pension and standardised guarantee schemes3 | 14.1 | 19.4 | 11.6 | 13.8 | 20.3 | 18 | 10.4 | 6.1 | 22.5 | 6.3 | 0.2 | 6.4 | 9.4 | |
| Non-life insurance technical reserves | 9.5 | -2.9 | -1.8 | -1.5 | 7.8 | -4 | -1.6 | -2.1 | 9.9 | -2.2 | -1 | -0.9 | 5.4 | |
| Life insurance and annuity entitlements | 3.2 | -0.6 | 5.7 | 6.6 | 6 | 2.8 | 4.8 | 7.3 | 7.9 | -9.5 | -2.4 | 0.3 | 0.6 | |
| Pension entitlements, Claims of pension funds on pension managers and Provisions for calls under standardised guarantees | 1.4 | 22.9 | 7.6 | 8.6 | 6.5 | 19.2 | 7.2 | 0.9 | 4.7 | 18 | 3.6 | 7 | 3.4 | |
| Other accounts receivable/payable1 | 24.7 | -21.2 | 8.9 | -24.5 | 25.6 | -17.1 | 7.3 | -11 | 4.2 | -15.4 | 17.2 | -4.6 | 24.4 | |
| Other accounts receivable/payable, excluding trade credits and advances | 24.7 | -21.2 | 8.9 | -24.5 | 25.6 | -17.1 | 7.3 | -11 | 4.2 | -15.4 | 17.2 | -4.6 | 24.4 | |
| Liabilities1 | ||||||||||||||
| Total liabilities2 | 5 | 9.4 | 16.2 | 10.5 | 4.8 | 4.3 | 8 | 3.5 | -1.7 | 0.3 | 6.5 | 5.5 | 2.4 | |
| Loans2 | 5 | 9.4 | 16.2 | 10.5 | 4.8 | 4.3 | 8 | 3.5 | -1.7 | 0.3 | 6.5 | 5.5 | 2.4 | |
| Short-term loans | -0.1 | 0.2 | 0.9 | 0.7 | 0.3 | -0.2 | 1.2 | -1.2 | -0.8 | -0.9 | -0.5 | -0.3 | 0.7 | |
| Long-term loans | 5.1 | 9.2 | 15.3 | 9.7 | 4.5 | 4.5 | 6.8 | 4.7 | -0.9 | 1.1 | 7 | 5.8 | 1.7 | |
| Other accounts receivable/payable1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Other accounts receivable/payable, excluding trade credits and advances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Latest reading
Total financial assets stood at 9,489.9 EUR billion in Q1 2026. That is −0.3% from Q4 2025 and +4.4% from a year earlier. The series on this page is quarterly and runs from Q1 1999 to Q1 2026. Source: Deutsche Bundesbank.
- Latest
- 9,489.9 EUR billion
- Q1 2026
- vs previous period
- −0.3%
- Q4 2025
- vs a year earlier
- +4.4%
About this data
The financial account of German households: the outstanding stock of financial assets and liabilities by instrument at the end of each quarter, and the transactions during the quarter that build them. The difference between the change in the stock and the transaction is revaluation, which is why the two belong on one page.
