Germany non-financial corporations financial accounts, quarterly
The financial balance sheet of German non-financial corporations by instrument, together with the quarterly transactions behind it: currency and deposits, debt securities, loans taken and granted, equity, and insurance and pension entitlements.
| 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 assets7 | 9,068.5 | 9,037.1 | 8,978.4 | 8,920.8 | 8,897.9 | 8,799.9 | 8,830.2 | 8,703.2 | 8,745.1 | 8,601.7 | 8,535.4 | 8,451.2 | 8,422.9 | |
| Currency and deposits3 | 889 | 920.9 | 886.6 | 848.2 | 860.6 | 894.5 | 859.7 | 823.9 | 832.8 | 847.5 | 836.6 | 812.8 | 828.5 | |
| Currency | 5.1 | 6.1 | 5.2 | 5.2 | 5.2 | 6.5 | 5.7 | 5.5 | 5.8 | 6.2 | 6 | 5.9 | 5.9 | |
| Transferable deposits | 579.2 | 608.9 | 578.6 | 554.9 | 551.6 | 580.7 | 547.7 | 522.1 | 518.5 | 550.4 | 542 | 543 | 564.3 | |
| Other deposits3 | 304.7 | 305.9 | 302.7 | 288.1 | 303.8 | 307.4 | 306.3 | 296.3 | 308.5 | 290.9 | 288.7 | 263.9 | 258.3 | |
| Time deposits2 | 294.6 | 295.6 | 291.5 | 276.7 | 292.5 | 296.3 | 295.1 | 285.5 | 298.2 | 280.9 | 279.2 | 254.9 | 249.6 | |
| Short-term time deposits | 273.5 | 274.5 | 269.8 | 255 | 269.2 | 274.4 | 270.8 | 262.2 | 275.4 | 257.3 | 255.2 | 230.4 | 224.4 | |
| Long-term time deposits | 21 | 21.1 | 21.7 | 21.8 | 23.2 | 21.9 | 24.3 | 23.3 | 22.8 | 23.6 | 24 | 24.5 | 25.2 | |
| Savings deposits2 | 3 | 3 | 3.2 | 3.2 | 3.1 | 3 | 3.1 | 3.2 | 3.2 | 3.2 | 3.5 | 3.7 | 4 | |
| Short-term savings deposits | 2.9 | 2.9 | 3.1 | 3.1 | 3 | 2.9 | 3 | 3 | 3 | 3 | 3.3 | 3.5 | 3.8 | |
| Long-term savings deposits | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| Savings certificates | 7.2 | 7.2 | 8.1 | 8.2 | 8.3 | 8 | 8.1 | 7.7 | 7.1 | 6.7 | 6 | 5.3 | 4.7 | |
| Debt securities2 | 69.6 | 67.9 | 69.6 | 66.9 | 65.4 | 66.1 | 70 | 69.5 | 68.1 | 62.1 | 62.2 | 60.4 | 58.6 | |
| Short-term debt securities | 10.6 | 9.8 | 11.6 | 10.3 | 10.6 | 11.9 | 13.8 | 14.4 | 12.7 | 9.8 | 11.1 | 11.2 | 10.4 | |
| Long-term debt securities | 59 | 58.1 | 58 | 56.6 | 54.7 | 54.2 | 56.3 | 55.1 | 55.4 | 52.3 | 51.1 | 49.2 | 48.2 | |
| Loans2 | 1,927.9 | 1,893 | 1,869.1 | 1,857.2 | 1,860 | 1,855.9 | 1,834.8 | 1,823.6 | 1,826.6 | 1,805.9 | 1,763.4 | 1,753.2 | 1,751.9 | |
| Short-term loans | 1,548.7 | 1,516.6 | 1,499.1 | 1,483.9 | 1,488.4 | 1,472.9 | 1,463.1 | 1,468.4 | 1,469.8 | 1,456 | 1,445.5 | 1,440.1 | 1,445.1 | |
| Long-term loans | 379.2 | 376.4 | 370 | 373.3 | 371.6 | 383.1 | 371.7 | 355.2 | 356.8 | 349.8 | 317.9 | 313.1 | 306.8 | |
| Equity and investment fund shares4 | 4,180.4 | 4,207.8 | 4,168.2 | 4,150.3 | 4,112.3 | 4,110.5 | 4,108.5 | 4,070.1 | 4,077.8 | 4,009.8 | 4,010 | 3,982 | 3,928.6 | |
| Listed shares | 350.5 | 380 | 378.9 | 391.2 | 371.1 | 371.4 | 383 | 375.8 | 402.9 | 376.6 | 369.1 | 402.9 | 409.4 | |
| Unlisted shares | 1,044.4 | 1,045.1 | 1,034.9 | 1,022.6 | 1,016.6 | 1,011.3 | 1,002.4 | 994.4 | 1,001.2 | 986.5 | 968.8 | 960.8 | 950 | |
| Other equity | 2,520.1 | 2,509.8 | 2,483.5 | 2,475.3 | 2,466.8 | 2,464.9 | 2,464 | 2,445.9 | 2,424.8 | 2,410.8 | 2,445.9 | 2,392.8 | 2,350.5 | |
| Investment fund shares2 | 265.5 | 272.8 | 270.9 | 261.2 | 257.7 | 262.9 | 259 | 254 | 249 | 235.9 | 226.1 | 225.4 | 218.7 | |
| Money-market fund shares | 15.2 | 13.1 | 12.3 | 11.6 | 13.4 | 11.9 | 7 | 7.1 | 6.4 | 6.9 | 6.8 | 6.1 | 6.5 | |
| Non-MMF investment fund shares | 250.3 | 259.8 | 258.6 | 249.7 | 244.3 | 251 | 252 | 246.9 | 242.6 | 229 | 219.3 | 219.3 | 212.2 | |
| Insurance, pension and standardised guarantee schemes1 | 58 | 54.9 | 54.4 | 55.6 | 57 | 53 | 53.7 | 56.9 | 58.4 | 49.1 | 44.9 | 46.5 | 46 | |
| Non-life insurance technical reserves | 58 | 54.9 | 54.4 | 55.6 | 57 | 53 | 53.7 | 56.9 | 58.4 | 49.1 | 44.9 | 46.5 | 46 | |
| Financial derivatives and employee stock options1 | 25.8 | 25.8 | 26 | 30.6 | 29.7 | 35.8 | 27.5 | 35.3 | 35.2 | 33.7 | 44.8 | 57.1 | 64.9 | |
| Financial derivatives | 25.8 | 25.8 | 26 | 30.6 | 29.7 | 35.8 | 27.5 | 35.3 | 35.2 | 33.7 | 44.8 | 57.1 | 64.9 | |
| Other accounts receivable/payable2 | 1,917.9 | 1,866.9 | 1,904.5 | 1,912 | 1,913 | 1,784.1 | 1,876.1 | 1,823.7 | 1,846.1 | 1,793.7 | 1,773.5 | 1,739.4 | 1,744.4 | |
| Trade credits and advances | 1,516 | 1,493.8 | 1,486.3 | 1,483.8 | 1,487.8 | 1,470.6 | 1,465.2 | 1,458.5 | 1,451.9 | 1,438.5 | 1,431.7 | 1,430 | 1,432.1 | |
| Other accounts receivable/payable, excluding trade credits and advances | 402 | 373 | 418.2 | 428.1 | 425.1 | 313.6 | 410.9 | 365.3 | 394.2 | 355.1 | 341.8 | 309.4 | 312.3 | |
| Liabilities2 | ||||||||||||||
| Total liabilities6 | 12,033 | 12,153.9 | 12,018.4 | 12,043.7 | 11,851.7 | 11,653.4 | 11,658.5 | 11,501.8 | 11,504.4 | 11,335.1 | 11,220.1 | 11,232.4 | 11,137.5 | |
| Debt securities2 | 301.1 | 304.8 | 304 | 308.5 | 292.2 | 259 | 259.1 | 254.7 | 247 | 239.7 | 234.8 | 234.8 | 231.2 | |
| Short-term debt securities | 5.4 | 3.3 | 4.8 | 6.9 | 5.5 | 4.9 | 7.4 | 8.7 | 5.6 | 4.5 | 7.5 | 8.4 | 9.1 | |
| Long-term debt securities | 295.8 | 301.5 | 299.2 | 301.7 | 286.7 | 254.1 | 251.7 | 246 | 241.4 | 235.2 | 227.3 | 226.4 | 222.1 | |
| Loans2 | 3,675.1 | 3,628.8 | 3,626.6 | 3,606.8 | 3,591.2 | 3,557.1 | 3,563.4 | 3,543 | 3,529 | 3,515.7 | 3,502.8 | 3,502.9 | 3,486.1 | |
| Short-term loans | 1,829.2 | 1,794.2 | 1,799.2 | 1,787.9 | 1,779 | 1,745.4 | 1,763.5 | 1,763 | 1,752.1 | 1,747.9 | 1,759.5 | 1,766.1 | 1,766 | |
| Long-term loans | 1,845.9 | 1,834.7 | 1,827.4 | 1,818.9 | 1,812.1 | 1,811.6 | 1,799.8 | 1,780 | 1,776.8 | 1,767.8 | 1,743.2 | 1,736.8 | 1,720.1 | |
| Equity and investment fund shares3 | 5,693.5 | 5,859.8 | 5,781.6 | 5,830.5 | 5,709.3 | 5,563.2 | 5,575.3 | 5,497.3 | 5,532.8 | 5,379.3 | 5,272.7 | 5,323.3 | 5,263.6 | |
| Listed shares | 1,970.5 | 2,085.8 | 2,023.1 | 2,086.3 | 1,978.1 | 1,864.4 | 1,868.4 | 1,806.9 | 1,881.1 | 1,758.7 | 1,688.9 | 1,797.8 | 1,797 | |
| Unlisted shares | 451.6 | 479.2 | 474.9 | 471.2 | 468 | 465 | 461.5 | 457.5 | 453 | 448.9 | 440 | 430.9 | 421.6 | |
| Other equity | 3,271.5 | 3,294.8 | 3,283.5 | 3,272.9 | 3,263.2 | 3,233.7 | 3,245.4 | 3,232.9 | 3,198.8 | 3,171.7 | 3,143.8 | 3,094.6 | 3,044.9 | |
| Insurance, pension and standardised guarantee schemes1 | 363.2 | 360.9 | 358.5 | 356.2 | 353.9 | 351.5 | 349.1 | 346.7 | 344.3 | 341.8 | 339.6 | 337.4 | 335.2 | |
| Pension entitlements, Claims of pension funds on pension managers and Provisions for calls under standardised guarantees | 363.2 | 360.9 | 358.5 | 356.2 | 353.9 | 351.5 | 349.1 | 346.7 | 344.3 | 341.8 | 339.6 | 337.4 | 335.2 | |
| Financial derivatives and employee stock options1 | 0.2 | 6.4 | 10.8 | 22.7 | 14 | 19.9 | 23.3 | 18.4 | 29.3 | 34.3 | 17.2 | 41.4 | 45.9 | |
| Financial derivatives | 0.2 | 6.4 | 10.8 | 22.7 | 14 | 19.9 | 23.3 | 18.4 | 29.3 | 34.3 | 17.2 | 41.4 | 45.9 | |
| Other accounts receivable/payable2 | 1,999.7 | 1,993.2 | 1,937 | 1,919 | 1,891.2 | 1,902.7 | 1,888.4 | 1,841.6 | 1,822.1 | 1,824.2 | 1,853 | 1,792.6 | 1,775.7 | |
| Trade credits and advances | 1,430.5 | 1,418.8 | 1,411.5 | 1,404.2 | 1,399.8 | 1,393.8 | 1,377.4 | 1,373 | 1,363.4 | 1,349.6 | 1,344.4 | 1,339.7 | 1,329.9 | |
| Other accounts receivable/payable, excluding trade credits and advances | 569.2 | 574.3 | 525.4 | 514.8 | 491.4 | 508.9 | 510.9 | 468.6 | 458.6 | 474.6 | 508.6 | 452.9 | 445.7 | |
| Debt | 67.4 | 67.2 | 68.3 | 68.6 | 68.4 | 67.4 | 68.2 | 67.9 | 67.8 | 67.8 | 68 | 68.9 | 69.2 | |
| Transactions (flows)2 | ||||||||||||||
| Financial assets1 | ||||||||||||||
| Total financial assets7 | 24.6 | -6.4 | 42.6 | 12.8 | 130.3 | -83.5 | 107.8 | -29 | 132.9 | 96.3 | 5.2 | 10.2 | 69.8 | |
| Currency and deposits3 | -29.3 | 36.1 | 38.5 | -11.7 | -34 | 36.9 | 36 | -8.9 | -14.4 | 11.7 | 23.9 | -13.2 | -23.7 | |
| Currency | -1 | 0.9 | 0 | 0.1 | -1.3 | 0.8 | 0.2 | -0.3 | -0.4 | 0.2 | 0.1 | -0.1 | -0.7 | |
| Transferable deposits | -27.9 | 31.1 | 23.8 | 3.2 | -29 | 33.5 | 25.6 | 3.7 | -31.6 | 9.8 | -1 | -18.8 | -37.8 | |
| Other deposits3 | -0.4 | 4.1 | 14.7 | -15 | -3.6 | 2.6 | 10.2 | -12.3 | 17.5 | 1.7 | 24.8 | 5.7 | 14.8 | |
| Time deposits2 | -0.3 | 4.4 | 14.8 | -15 | -3.9 | 2.7 | 9.8 | -12.9 | 17.3 | 1.2 | 24.3 | 5.3 | 14.4 | |
| Short-term time deposits | -0.4 | 5.1 | 14.9 | -13.8 | -5 | 3.6 | 8.8 | -13.3 | 18.1 | 2.4 | 24.9 | 6 | 14.6 | |
| Long-term time deposits | 0.1 | -0.7 | -0.1 | -1.2 | 1.1 | -0.9 | 1 | 0.4 | -0.8 | -1.2 | -0.5 | -0.7 | -0.2 | |
| Savings deposits2 | 0 | -0.2 | 0 | 0.1 | 0 | -0.1 | 0 | 0 | -0.1 | -0.3 | -0.2 | -0.3 | -0.3 | |
| Short-term savings deposits | 0 | -0.2 | 0 | 0.1 | 0 | -0.1 | 0 | 0 | -0.1 | -0.3 | -0.2 | -0.2 | -0.3 | |
| Long-term savings deposits | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Savings certificates | 0 | -0.2 | -0.1 | -0.1 | 0.2 | 0.1 | 0.4 | 0.6 | 0.4 | 0.8 | 0.7 | 0.7 | 0.6 | |
| Debt securities2 | 2 | -2 | 2.2 | 1 | -0.9 | -4.4 | -0.4 | 1.3 | 5.7 | -1.2 | 1.7 | 1.9 | 4.2 | |
| Short-term debt securities | 0.6 | -1.8 | 1.3 | -0.4 | -1.3 | -1.9 | -0.7 | 1.6 | 2.5 | -1.3 | -0.1 | 1.1 | 2 | |
| Long-term debt securities | 1.3 | -0.1 | 0.9 | 1.4 | 0.5 | -2.6 | 0.3 | -0.3 | 3.2 | 0.1 | 1.8 | 0.8 | 2.2 | |
| Loans2 | 32.7 | 23.6 | 12.1 | 1.7 | 6.3 | 17.2 | 13.3 | -3.6 | 20.1 | 44.7 | 8.8 | 1.9 | 19.1 | |
| Short-term loans | 27.6 | 17.2 | 15.3 | -0.8 | 17.1 | 6.8 | -3.9 | -1.9 | 13.4 | 11.4 | 4.4 | -4.3 | 8.8 | |
| Long-term loans | 5.1 | 6.4 | -3.2 | 2.5 | -10.8 | 10.3 | 17.1 | -1.6 | 6.6 | 33.4 | 4.4 | 6.2 | 10.3 | |
| Equity and investment fund shares4 | 1.3 | 9.2 | 14.7 | 52.4 | 25.7 | -11.8 | 26.1 | 31.2 | 37.5 | 31.3 | 25.9 | 29.9 | 16.6 | |
| Listed shares | -0.8 | -14 | -8.9 | 7 | -5.5 | -10.8 | 1.9 | -0.2 | 2.7 | -10.8 | -9.4 | -4.5 | -32.7 | |
| Unlisted shares | -6.7 | 0.4 | 5.8 | 21.6 | 12.5 | -5.1 | 10.3 | 8.3 | 12.8 | 12.4 | 1.6 | 12.5 | 21.7 | |
| Other equity | 12.8 | 24.4 | 14.7 | 23.6 | 14.5 | 7.3 | 12.9 | 20.1 | 16.5 | 30.3 | 32.3 | 19.6 | 26.7 | |
| Investment fund shares2 | -4.1 | -1.5 | 3 | 0.2 | 4.2 | -3.2 | 1 | 3 | 5.5 | -0.6 | 1.3 | 2.3 | 0.8 | |
| Money-market fund shares | 2.1 | 0.7 | 0.7 | -1.8 | 1.4 | 1.4 | -0.2 | 0.7 | -0.5 | 0 | 0.6 | -0.4 | -0.8 | |
| Non-MMF investment fund shares | -6.2 | -2.2 | 2.4 | 2 | 2.8 | -4.6 | 1.1 | 2.3 | 6 | -0.6 | 0.7 | 2.7 | 1.6 | |
| Insurance, pension and standardised guarantee schemes1 | 6 | 2.1 | -0.4 | 0 | 6.8 | -0.8 | -2 | -1.7 | 10.2 | 2 | -0.5 | 0.2 | 7.7 | |
| Non-life insurance technical reserves | 6 | 2.1 | -0.4 | 0 | 6.8 | -0.8 | -2 | -1.7 | 10.2 | 2 | -0.5 | 0.2 | 7.6 | |
| Financial derivatives and employee stock options1 | 0.1 | 1.6 | 2 | 2.7 | -1 | -1 | 4.8 | 5.1 | 2.9 | 2.5 | 3.3 | 4.9 | -1 | |
| Financial derivatives | 0.1 | 1.6 | 2 | 2.7 | -1 | -1 | 4.8 | 5.1 | 2.9 | 2.5 | 3.3 | 4.9 | -1 | |
| Other accounts receivable/payable2 | 11.8 | -77.1 | -26.5 | -33.3 | 127.4 | -119.5 | 30 | -52.4 | 71 | 5.4 | -57.9 | -15.3 | 47 | |
| Trade credits and advances | 18 | 7 | 3.3 | 1.1 | 19.7 | -0.2 | 9.7 | 7.3 | 11.4 | 6.7 | 0.6 | -1.2 | 32 | |
| Other accounts receivable/payable, excluding trade credits and advances | -6.2 | -84.1 | -29.7 | -34.4 | 107.7 | -119.3 | 20.3 | -59.7 | 59.6 | -1.4 | -58.5 | -14.1 | 15 | |
| Liabilities1 | ||||||||||||||
| Total liabilities6 | 56.3 | 35 | 48.3 | 50.5 | 72.9 | 16.4 | 60.9 | 44.8 | 58.8 | 69.1 | 13.4 | 48.1 | 25.7 | |
| Debt securities2 | 4.9 | 2 | -5.1 | -0.5 | 2.7 | -0.2 | -0.3 | 7.1 | 6.8 | -5 | 1.6 | 2.4 | 1.4 | |
| Short-term debt securities | 2.1 | -1.5 | -2 | 1.3 | 0.7 | -2 | -1.2 | 2.5 | 1 | -3 | -0.8 | -0.7 | -0.2 | |
| Long-term debt securities | 2.8 | 3.5 | -3.1 | -1.8 | 2.1 | 1.8 | 0.9 | 4.6 | 5.8 | -2 | 2.4 | 3.1 | 1.5 | |
| Loans2 | 32.3 | -1.2 | 19.5 | 19.9 | 43.2 | -12.9 | 22.1 | 13.2 | 19.3 | 27 | -2 | 17.4 | 7.3 | |
| Short-term loans | 29.7 | -5.8 | 11.9 | 13.7 | 35.3 | -23.8 | 2 | 10 | 11.6 | -5.9 | -7.9 | 0.4 | -3.4 | |
| Long-term loans | 2.5 | 4.6 | 7.6 | 6.2 | 7.8 | 10.8 | 20.1 | 3.1 | 7.7 | 32.9 | 6 | 17 | 10.7 | |
| Equity and investment fund shares3 | 17.4 | 17.7 | 30.4 | 17 | 17.1 | 14.9 | 16.6 | 18.9 | 22.3 | 8.1 | 19.1 | 15.7 | -1.5 | |
| Listed shares | 0.6 | 1.1 | 13.7 | 0.1 | 0.1 | -1.7 | 0.2 | 2.6 | 3 | -8.2 | 3.7 | 2.3 | -11.8 | |
| Unlisted shares | 2.6 | 2.4 | 2.5 | 2.7 | 2.8 | 3.1 | 2.9 | 2.7 | 2.9 | 2 | 1.7 | 1.2 | 0 | |
| Other equity | 14.2 | 14.2 | 14.2 | 14.2 | 14.2 | 13.5 | 13.6 | 13.6 | 16.4 | 14.3 | 13.6 | 12.2 | 10.3 | |
| Insurance, pension and standardised guarantee schemes1 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.4 | 2.4 | 2.4 | 2.4 | 2.2 | 2.2 | 2.2 | 2.2 | |
| Pension entitlements, Claims of pension funds on pension managers and Provisions for calls under standardised guarantees | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.4 | 2.4 | 2.4 | 2.4 | 2.2 | 2.2 | 2.2 | 2.2 | |
| Financial derivatives and employee stock options1 | -5.3 | -2.9 | -5.2 | 7.6 | 1.9 | -9.5 | 13.7 | -4.8 | -3 | 24.5 | -10.8 | 2.7 | -1.8 | |
| Financial derivatives | -5.3 | -2.9 | -5.2 | 7.6 | 1.9 | -9.5 | 13.7 | -4.8 | -3 | 24.5 | -10.8 | 2.7 | -1.8 | |
| Other accounts receivable/payable1 | 4.6 | 17 | 6.3 | 4.2 | 5.7 | 21.7 | 6.3 | 7.9 | 11 | 12.2 | 3.4 | 7.7 | 18.2 | |
| Trade credits and advances | 4.6 | 17 | 6.3 | 4.2 | 5.7 | 21.7 | 6.3 | 7.9 | 11 | 12.2 | 3.4 | 7.7 | 18.2 |
Latest reading
Total financial assets stood at 9,068.5 EUR billion in Q1 2026. That is +0.3% from Q4 2025 and +1.9% from a year earlier. The series on this page is quarterly and runs from Q1 1999 to Q1 2026. Source: Deutsche Bundesbank.
- Latest
- 9,068.5 EUR billion
- Q1 2026
- vs previous period
- +0.3%
- Q4 2025
- vs a year earlier
- +1.9%
About this data
The financial balance sheet of German non-financial corporations by instrument, together with the quarterly transactions behind it: currency and deposits, debt securities, loans taken and granted, equity, and insurance and pension entitlements.
