Bundesbank paper looks at effects of sanctions regimes

German banks cut activity in sanctioned countries but subsidiaries may increase lending, paper finds

Deutsche Bundesbank headquarters, Frankfurt
The Deutsche Bundesbank
Fabian Stürtz

German banks reduce their activity in countries where economic sanctions have been imposed by international organisations, but their foreign subsidiaries do not, a discussion paper published by Deutsche Bundesbank finds.

Subsidiary banks may even increase their credit activity in countries where there is a lower commitment to international financial standards, the paper finds.

In Freeze! Financial sanctions and bank responses, Matthias Efing, Stefan Goldbach and Volker Nitsch use data from the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.