Germany non-financial firms currency and deposits
Germany non-financial firms currency and deposits stood at 889 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency and deposits3 | 889 | 920.9 | 886.6 | 848.2 | 860.6 | 894.5 | 859.7 | 823.9 | 832.8 | 847.5 | |
| Currency | 5.1 | 6.1 | 5.2 | 5.2 | 5.2 | 6.5 | 5.7 | 5.5 | 5.8 | 6.2 | |
| Transferable deposits | 579.2 | 608.9 | 578.6 | 554.9 | 551.6 | 580.7 | 547.7 | 522.1 | 518.5 | 550.4 |
Understanding germany non-financial firms currency and deposits
Cash and bank balances held by resident non-financial corporations make up this liquidity aggregate. It combines physical cash on hand with all forms of deposits placed at domestic and foreign credit institutions, spanning transactional checking balances, term placements, notice accounts, and savings certificates. Marketable debt paper, intercompany loans, trade credit, and equity stakes are excluded. Within the corporate balance sheet, this category separates immediate and near-cash payment media from investment assets like bonds and shares.
Evaluating deposit holdings requires adjusting for operational calendar rhythms, particularly tax payment dates and seasonal inventory financing cycles that temporarily draw down or swell bank accounts. Year-on-year comparisons provide a more reliable assessment than quarterly movements by filtering out these regular cash flow fluctuations. Because deposits are booked at face value, the balance is unaffected by bond or stock market volatility, though foreign currency accounts fluctuate with exchange rates. Initial estimates are revised as reporting institutions update counterparty sector assignments. A common trap is equating this sum with idle funds, as large portions serve ongoing operational liquidity needs.
Frequently asked questions
- Are corporate deposits in foreign currencies captured here?
- Yes, deposits held abroad or denominated in foreign currencies are included after conversion into the reporting currency.
- How does this liquidity measure differ from transferable deposits alone?
- It encompasses fixed-term deposits and savings instruments in addition to sight accounts used for daily disbursements.
- Do changes in interest rates directly revalue these holdings?
- No, deposits remain recorded at nominal balance, meaning interest rate shifts affect accrued earnings rather than asset market prices.