Household financial assets reach €9,831.2 billion
German households held €9,831.2 billion in financial assets at the end of Q2 2026, according to Deutsche Bundesbank's October 20, 2026 release. Non-financial corporations raised €76.7 billion in external financing during the quarter.
Funds and deposits attract savings
Households acquired €77.0 billion in financial assets in Q2, down from €95.1 billion in Q1. Investment funds attracted €32.7 billion and cash and deposits €32.4 billion, including €23.9 billion in cash and overnight deposits.
Households invested €6.9 billion in debt securities and €5.9 billion in equities and other equity interests.
Insurance and pension claims received €6.9 billion; other claims fell by €7.9 billion.
Borrowing totaled €11.8 billion, taking liabilities to €2,191.9 billion.
Net financial investment was €65.2 billion.
Net financial wealth reached €7,639.3 billion, up from €7,314.9 billion.
The household debt ratio fell from 47.7 to 47.5 percent of annualized GDP.
Companies increase external financing
Non-financial corporations raised €76.7 billion externally, up from €59.4 billion in Q1. Loans supplied €38.7 billion, debt securities €13.6 billion and equity €15.4 billion.
Financial asset acquisition totaled €37.5 billion, leaving net financial investment at minus €39.2 billion.
Asset holdings reached €9,148.6 billion against liabilities of €12,330.3 billion; net financial wealth was minus €3,181.7 billion.
The partially consolidated debt ratio rose from 66.3 to 66.8 percent of annualized GDP.
Wealth is not saving
Household financial assets rose from €9,495.9 billion to €9,831.2 billion, far exceeding the €77.0 billion transaction flow.
These figures distinguish changes in holdings from new investment.
The tables present unconsolidated sector accounts, while corporate debt ratios partially net out intrasectoral loans.