Senior bankers in the country emphasized that the German industry adapts to the long -term challenges that wave on the horizon even in the midst of the current energy and inflation crises. “I don’t think we will witness a medium and long -term structural crisis, although the country may go to recession,” Thomas Gross, the chief executive of the lender Hilaba, said in a session in Frankfurt on Monday.
“Instead of listening to” pessimistic expectations “, we can rely on the ability of the German industry to innovate and adapt, especially the medium platform.
” Indeed, the largest economy in Europe was facing fundamental transformations even before the Russian war in Ukraine caused chaos through its energy supply chain, and Europe’s plans to get rid of carbon emissions increase the pressure on the German heavy industry, while the central auto industry is struggling to turn into Electrical mobility.
“The situation is better than the general mood,” said Bitenina Urloop, the chief financial administrators of Komerzbank AG.
Possible, whoever thinks that we will all consider the weather forecast to see what you will look, and will not be the bad that some expect. ”
German production grew unexpectedly in the third quarter, which delayed the recession that many analysts expected against the background of high inflation and the energy crisis caused by the war. Lutz Deedex, who runs the German BNB Paribas unit, said the banks have not yet seen an impact on the books of corporate loans and consumers.
Gross also pointed out that government support for the economy is a factor that helps in the current expectations, and despite this, bankers often consider this support a foreground, according to the most important financial observer in the European Central Bank, Andrea Enia.
Enia, the official in charge of banking control in the euro area, added that he sees a “very positive atmosphere” in the industry as the increase in interest rates this year “leaves its magic” over the profitability of banks, and said that this feeling of optimism did not calm down even in the face of expectations that the region is It faces an economic slowdown or a shallow stagnation.
Cornellius Reyes, co -co -chief of the cooperative lender, said that banks have not yet seen how the various crises facing the economy will have been going, and perhaps the expectations were not uncertain, however, it will prove that the skeptics in Germany is wrong..
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