No all-clear: real estate crisis still very dangerous for banks. A horror scenario cannot yet be completely ruled out.
Specialist financiers such as Aareal Bank and Deutsche Pfandbriefbank (pbb) are most at risk. More real estate loans were granted in the final quarter of 2023, more than in the same quarter of the previous year. This indicates that stabilization is beginning, Creditreform Rating says. The Association of German Pfand brief Banks (vdp) sees light at the end of the tunnel.