Germany share of rejected large enterprise loans, backward
Germany share of rejected large enterprise loans, backward stood at 10.34 Net percentage in Q3 2026, according to Deutsche Bundesbank and KfW Research / ifo Institute. It is one of the indicators in the Credit supply surveys table (Value · Quarterly), with a complete series running from Q2 2022 to Q3 2026. The complete series with an interactive chart, free to download.
This indicator in the Credit supply surveys table
| Indicator | Q3-2026 | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan demand / Enterprise | |||||||||||
| Share of rejected loan application, Large enterprises, Backward looking three months | 10.34 | 6.9 | 6.9 | 10.34 | 3.45 | 0 | 17.24 | 10.34 | 10.34 | 10.34 | |
| Large enterprises, Backward looking three months | 13.79 | 3.45 | 10.34 | 13.79 | 13.79 | -3.45 | 6.9 | 6.9 | 17.24 | -13.79 |
Understanding germany share of rejected large enterprise loans, backward
Tracking the denial rate for corporate credit applications, this metric isolates the experience of large enterprises over the preceding three months. The measure relies on banks' answers regarding the proportion of formal loan requests that failed to result in a lending agreement. Unlike the overall enterprise category or the SME-specific series, this row filters solely for businesses meeting the large-scale classification. The net percentage reflects the balance of lending institutions reporting an increase in rejected applications against those reporting a decrease for this size band. It excludes successful applications and focuses entirely on the friction in securing capital, capturing the immediate historical period rather than forward expectations.
Interpreting the net percentage requires separating supply constraints from demand fluctuations. Shifts in the rejection rate can indicate structural changes in lending standards or an evolution in the creditworthiness of the applying large enterprises. Analysts examine this metric alongside total loan demand to understand the broader credit environment. Since the survey asks banks to assess the past three months against the prior period, the figure acts as a quarter-on-quarter change. Survey responses lack seasonal adjustment, meaning comparing the current net percentage to the exact same quarter in previous cycles yields a clearer view of underlying corporate financing conditions than sequential periods.
Frequently asked questions
- What defines a large enterprise in the context of this specific survey?
- The classification follows standard criteria based on annual turnover and employee headcount, separating these major corporate borrowers from small- and medium-sized enterprises.
- Does this series include loans that were approved but at a higher interest rate?
- No, the net percentage only accounts for applications that were outright rejected by the banks, excluding accepted loans even if the final terms were less favorable than requested.
- How does the backward-looking timeframe affect the interpretation of the results?
- The three-month backward perspective means the data reflects finalized credit decisions and realized market conditions rather than anticipated lending behavior.