German non-financials' long-term loan liability flows
German non-financials' long-term loan liability flows stood at 2.5 EUR billion in Q1 2026, according to Deutsche Bundesbank. It is one of the indicators in the Non-financial corporations' financial accounts table (Value · Quarterly), with a complete series running from Q1 1999 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the Non-financial corporations' financial accounts table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total liabilities | 56.3 | 35 | 48.3 | 50.5 | 72.9 | 16.4 | 60.9 | 44.8 | 58.8 | 69.1 | |
| Loans | 32.3 | -1.2 | 19.5 | 19.9 | 43.2 | -12.9 | 22.1 | 13.2 | 19.3 | 27 | |
| Long-term loans | 2.5 | 4.6 | 7.6 | 6.2 | 7.8 | 10.8 | 20.1 | 3.1 | 7.7 | 32.9 |
Understanding german non-financials' long-term loan liability flows
Term borrowing facilities and commercial mortgage debt contracted with an initial lifespan of more than one year constitute this loan segment. The perimeter spans multi-year bank term credit, machinery financing, promotional investment programs, and long-term borrowing from corporate affiliates. It excludes short-term loan agreements repayable within one year, alongside marketable bonds, which are recorded under debt securities. These transactions represent non-negotiable credit agreements dedicated to financing physical capital formation, facility acquisitions, and sustained corporate operations.
Reported transactions measure new long-term loan disbursements minus contractual amortizations and early loan payoffs during the quarter. Data isolate actual borrowing by removing accounting write-downs, loan sales, and foreign currency revaluations. Because long-term loans fund multi-year capital projects, quarterly flows are less volatile than short-term borrowing, although corporate mergers and restructurings can generate occasional spikes. Year-on-year comparisons provide an accurate benchmark of sustained borrowing appetite by filtering out minor seasonal settlement rhythms across the calendar year, while avoiding the distortion of single-period refinancing events.
Frequently asked questions
- Are commercial mortgage loans classified under this long-term loan series?
- Yes, multi-year commercial mortgages and secured real estate loans with initial maturities exceeding one year fall into this category.
- How do long-term loans differ from long-term debt securities?
- Long-term loans are private bilateral contracts arranged with credit institutions, whereas debt securities are transferable bonds traded on financial markets.
- Does this series reflect unilateral write-offs of non-performing corporate loans?
- No, the series captures actual transaction flows and leaves out unilateral accounting write-offs, which are categorized under other changes in volume.