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Top 1000 World BanksSeptember 1 2021

Solid fundamentals stand German banks in good stead

Hamburg Commercial Bank is Germany’s best-performer, leading a field that did well under tough conditions and better than many of their European peers.
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By European standards, Germany has emerged as a shining example of how to deal with a global pandemic. The authorities moved quickly to enact an effective contact-tracing programme, while the country’s impressive healthcare system was better positioned than most to deal with the unprecedented demands of the Covid-19 crisis.

As a result, Berlin imposed fewer lockdown measures over the course of 2020 than many of its European counterparts, while also injecting much-needed fiscal stimulus into the economy. The outcome was that German gross domestic product contracted by just 5% over 2020. 

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