Lending by credit cooperatives, savings banks and other banks during the Covid-19 pandemic in Germany

Abstract

Abstract We examine long-term lending in the course of the Covid-19 pandemic in Germany. We show that the pandemic is associated with increased lending by credit cooperatives and savings banks. The restrictions imposed by governments on social and economic life and the economic impact thereof, measured in terms of planned short-time work, show a significant correlation with the level of lending by all banks.