Data / Composite cost of borrowing for non-financial corporations / Germany

Composite cost of borrowing for non-financial corporations in Germany

Composite cost of borrowing for non-financial corporations in Germany was 3.88% in August 2026, according to the European Central Bank. That is up 0.35 pts from August 2025. That is the 13th highest of 21 EU countries in August 2026.

August 20263.88%
Change on August 2025+0.35 pts
Rank13th of 21EU countries ranked
Series high6.06September 2008
Series low1.34March 2021
Get an email when a new figure is out or this one is revised.

Composite cost of borrowing for non-financial corporations in Germany, January 2003 to August 2026

12345672003-012006-062009-112013-042016-092020-022023-072026-082003-01: 4.92 %2003-02: 4.84 %2003-03: 4.82 %2003-04: 4.77 %2003-05: 4.55 %2003-06: 4.28 %2003-07: 4.29 %2003-08: 4.32 %2003-09: 4.27 %2003-10: 4.28 %2003-11: 4.2 %2003-12: 4.3 %2004-01: 4.29 %2004-02: 4.24 %2004-03: 4.21 %2004-04: 4.19 %2004-05: 4.25 %2004-06: 4.24 %2004-07: 4.23 %2004-08: 4.17 %2004-09: 4.22 %2004-10: 4.19 %2004-11: 4.07 %2004-12: 4.12 %2005-01: 4.08 %2005-02: 4.1 %2005-03: 4.01 %2005-04: 3.93 %2005-05: 3.89 %2005-06: 3.94 %2005-07: 3.93 %2005-08: 3.93 %2005-09: 3.96 %2005-10: 3.94 %2005-11: 4.04 %2005-12: 4.1 %2006-01: 4.08 %2006-02: 4.19 %2006-03: 4.35 %2006-04: 4.34 %2006-05: 4.49 %2006-06: 4.59 %2006-07: 4.64 %2006-08: 4.76 %2006-09: 4.8 %2006-10: 4.88 %2006-11: 4.91 %2006-12: 5.06 %2007-01: 5.1 %2007-02: 5.17 %2007-03: 5.33 %2007-04: 5.38 %2007-05: 5.34 %2007-06: 5.53 %2007-07: 5.57 %2007-08: 5.65 %2007-09: 5.85 %2007-10: 5.72 %2007-11: 5.62 %2007-12: 5.85 %2008-01: 5.63 %2008-02: 5.58 %2008-03: 5.77 %2008-04: 5.79 %2008-05: 5.7 %2008-06: 5.85 %2008-07: 5.84 %2008-08: 5.9 %2008-09: 6.06 %2008-10: 5.98 %2008-11: 5.39 %2008-12: 4.9 %2009-01: 4.28 %2009-02: 3.99 %2009-03: 3.85 %2009-04: 3.58 %2009-05: 3.56 %2009-06: 3.61 %2009-07: 3.41 %2009-08: 3.42 %2009-09: 3.13 %2009-10: 3.31 %2009-11: 3.5 %2009-12: 3.2 %2010-01: 3.11 %2010-02: 3.17 %2010-03: 3.11 %2010-04: 3.11 %2010-05: 3.18 %2010-06: 3.11 %2010-07: 3.08 %2010-08: 3.23 %2010-09: 3.11 %2010-10: 3.11 %2010-11: 3.28 %2010-12: 3.35 %2011-01: 3.2 %2011-02: 3.39 %2011-03: 3.4 %2011-04: 3.54 %2011-05: 3.56 %2011-06: 3.69 %2011-07: 3.63 %2011-08: 3.65 %2011-09: 3.62 %2011-10: 3.69 %2011-11: 3.52 %2011-12: 3.5 %2012-01: 3.3 %2012-02: 3.26 %2012-03: 3.15 %2012-04: 3.06 %2012-05: 3.04 %2012-06: 3.06 %2012-07: 2.91 %2012-08: 2.78 %2012-09: 2.8 %2012-10: 2.66 %2012-11: 2.67 %2012-12: 2.61 %2013-01: 2.6 %2013-02: 2.57 %2013-03: 2.62 %2013-04: 2.59 %2013-05: 2.52 %2013-06: 2.57 %2013-07: 2.54 %2013-08: 2.5 %2013-09: 2.62 %2013-10: 2.58 %2013-11: 2.53 %2013-12: 2.6 %2014-01: 2.6 %2014-02: 2.58 %2014-03: 2.73 %2014-04: 2.61 %2014-05: 2.61 %2014-06: 2.54 %2014-07: 2.44 %2014-08: 2.35 %2014-09: 2.39 %2014-10: 2.3 %2014-11: 2.29 %2014-12: 2.28 %2015-01: 2.12 %2015-02: 2.06 %2015-03: 2.16 %2015-04: 2.11 %2015-05: 2.08 %2015-06: 2.12 %2015-07: 2.05 %2015-08: 2.03 %2015-09: 2.22 %2015-10: 2.05 %2015-11: 2.04 %2015-12: 2.04 %2016-01: 1.98 %2016-02: 1.92 %2016-03: 2.02 %2016-04: 1.93 %2016-05: 1.85 %2016-06: 1.9 %2016-07: 1.82 %2016-08: 1.79 %2016-09: 1.88 %2016-10: 1.8 %2016-11: 1.79 %2016-12: 1.86 %2017-01: 1.7 %2017-02: 1.72 %2017-03: 1.85 %2017-04: 1.8 %2017-05: 1.7 %2017-06: 1.78 %2017-07: 1.73 %2017-08: 1.72 %2017-09: 1.74 %2017-10: 1.7 %2017-11: 1.74 %2017-12: 1.75 %2018-01: 1.61 %2018-02: 1.69 %2018-03: 1.77 %2018-04: 1.72 %2018-05: 1.6 %2018-06: 1.67 %2018-07: 1.56 %2018-08: 1.55 %2018-09: 1.62 %2018-10: 1.62 %2018-11: 1.6 %2018-12: 1.6 %2019-01: 1.58 %2019-02: 1.59 %2019-03: 1.62 %2019-04: 1.54 %2019-05: 1.51 %2019-06: 1.51 %2019-07: 1.49 %2019-08: 1.46 %2019-09: 1.51 %2019-10: 1.53 %2019-11: 1.58 %2019-12: 1.6 %2020-01: 1.56 %2020-02: 1.51 %2020-03: 1.5 %2020-04: 1.59 %2020-05: 1.58 %2020-06: 1.61 %2020-07: 1.65 %2020-08: 1.72 %2020-09: 1.61 %2020-10: 1.59 %2020-11: 1.61 %2020-12: 1.55 %2021-01: 1.58 %2021-02: 1.59 %2021-03: 1.34 %2021-04: 1.72 %2021-05: 1.55 %2021-06: 1.53 %2021-07: 1.58 %2021-08: 1.56 %2021-09: 1.59 %2021-10: 1.46 %2021-11: 1.44 %2021-12: 1.44 %2022-01: 1.52 %2022-02: 1.54 %2022-03: 1.72 %2022-04: 1.72 %2022-05: 1.71 %2022-06: 2.29 %2022-07: 2.04 %2022-08: 2.15 %2022-09: 2.77 %2022-10: 3 %2022-11: 3.25 %2022-12: 3.54 %2023-01: 3.73 %2023-02: 4.03 %2023-03: 4.49 %2023-04: 4.62 %2023-05: 4.81 %2023-06: 5.04 %2023-07: 5.22 %2023-08: 5.27 %2023-09: 5.34 %2023-10: 5.56 %2023-11: 5.39 %2023-12: 5.43 %2024-01: 5.38 %2024-02: 5.32 %2024-03: 5.43 %2024-04: 5.42 %2024-05: 5.34 %2024-06: 5.3 %2024-07: 5.26 %2024-08: 5.27 %2024-09: 4.98 %2024-10: 4.94 %2024-11: 4.75 %2024-12: 4.57 %2025-01: 4.5 %2025-02: 4.38 %2025-03: 4.09 %2025-04: 3.94 %2025-05: 3.79 %2025-06: 3.79 %2025-07: 3.63 %2025-08: 3.53 %2025-09: 3.63 %2025-10: 3.64 %2025-11: 3.59 %2025-12: 3.7 %2026-01: 3.72 %2026-02: 3.63 %2026-03: 3.81 %2026-04: 3.78 %2026-05: 3.72 %2026-06: 4 %2026-07: 3.98 %2026-08: 3.88 %024682003-012010-122018-112026-082003-01: 4.92 %2003-02: 4.84 %2003-03: 4.82 %2003-04: 4.77 %2003-05: 4.55 %2003-06: 4.28 %2003-07: 4.29 %2003-08: 4.32 %2003-09: 4.27 %2003-10: 4.28 %2003-11: 4.2 %2003-12: 4.3 %2004-01: 4.29 %2004-02: 4.24 %2004-03: 4.21 %2004-04: 4.19 %2004-05: 4.25 %2004-06: 4.24 %2004-07: 4.23 %2004-08: 4.17 %2004-09: 4.22 %2004-10: 4.19 %2004-11: 4.07 %2004-12: 4.12 %2005-01: 4.08 %2005-02: 4.1 %2005-03: 4.01 %2005-04: 3.93 %2005-05: 3.89 %2005-06: 3.94 %2005-07: 3.93 %2005-08: 3.93 %2005-09: 3.96 %2005-10: 3.94 %2005-11: 4.04 %2005-12: 4.1 %2006-01: 4.08 %2006-02: 4.19 %2006-03: 4.35 %2006-04: 4.34 %2006-05: 4.49 %2006-06: 4.59 %2006-07: 4.64 %2006-08: 4.76 %2006-09: 4.8 %2006-10: 4.88 %2006-11: 4.91 %2006-12: 5.06 %2007-01: 5.1 %2007-02: 5.17 %2007-03: 5.33 %2007-04: 5.38 %2007-05: 5.34 %2007-06: 5.53 %2007-07: 5.57 %2007-08: 5.65 %2007-09: 5.85 %2007-10: 5.72 %2007-11: 5.62 %2007-12: 5.85 %2008-01: 5.63 %2008-02: 5.58 %2008-03: 5.77 %2008-04: 5.79 %2008-05: 5.7 %2008-06: 5.85 %2008-07: 5.84 %2008-08: 5.9 %2008-09: 6.06 %2008-10: 5.98 %2008-11: 5.39 %2008-12: 4.9 %2009-01: 4.28 %2009-02: 3.99 %2009-03: 3.85 %2009-04: 3.58 %2009-05: 3.56 %2009-06: 3.61 %2009-07: 3.41 %2009-08: 3.42 %2009-09: 3.13 %2009-10: 3.31 %2009-11: 3.5 %2009-12: 3.2 %2010-01: 3.11 %2010-02: 3.17 %2010-03: 3.11 %2010-04: 3.11 %2010-05: 3.18 %2010-06: 3.11 %2010-07: 3.08 %2010-08: 3.23 %2010-09: 3.11 %2010-10: 3.11 %2010-11: 3.28 %2010-12: 3.35 %2011-01: 3.2 %2011-02: 3.39 %2011-03: 3.4 %2011-04: 3.54 %2011-05: 3.56 %2011-06: 3.69 %2011-07: 3.63 %2011-08: 3.65 %2011-09: 3.62 %2011-10: 3.69 %2011-11: 3.52 %2011-12: 3.5 %2012-01: 3.3 %2012-02: 3.26 %2012-03: 3.15 %2012-04: 3.06 %2012-05: 3.04 %2012-06: 3.06 %2012-07: 2.91 %2012-08: 2.78 %2012-09: 2.8 %2012-10: 2.66 %2012-11: 2.67 %2012-12: 2.61 %2013-01: 2.6 %2013-02: 2.57 %2013-03: 2.62 %2013-04: 2.59 %2013-05: 2.52 %2013-06: 2.57 %2013-07: 2.54 %2013-08: 2.5 %2013-09: 2.62 %2013-10: 2.58 %2013-11: 2.53 %2013-12: 2.6 %2014-01: 2.6 %2014-02: 2.58 %2014-03: 2.73 %2014-04: 2.61 %2014-05: 2.61 %2014-06: 2.54 %2014-07: 2.44 %2014-08: 2.35 %2014-09: 2.39 %2014-10: 2.3 %2014-11: 2.29 %2014-12: 2.28 %2015-01: 2.12 %2015-02: 2.06 %2015-03: 2.16 %2015-04: 2.11 %2015-05: 2.08 %2015-06: 2.12 %2015-07: 2.05 %2015-08: 2.03 %2015-09: 2.22 %2015-10: 2.05 %2015-11: 2.04 %2015-12: 2.04 %2016-01: 1.98 %2016-02: 1.92 %2016-03: 2.02 %2016-04: 1.93 %2016-05: 1.85 %2016-06: 1.9 %2016-07: 1.82 %2016-08: 1.79 %2016-09: 1.88 %2016-10: 1.8 %2016-11: 1.79 %2016-12: 1.86 %2017-01: 1.7 %2017-02: 1.72 %2017-03: 1.85 %2017-04: 1.8 %2017-05: 1.7 %2017-06: 1.78 %2017-07: 1.73 %2017-08: 1.72 %2017-09: 1.74 %2017-10: 1.7 %2017-11: 1.74 %2017-12: 1.75 %2018-01: 1.61 %2018-02: 1.69 %2018-03: 1.77 %2018-04: 1.72 %2018-05: 1.6 %2018-06: 1.67 %2018-07: 1.56 %2018-08: 1.55 %2018-09: 1.62 %2018-10: 1.62 %2018-11: 1.6 %2018-12: 1.6 %2019-01: 1.58 %2019-02: 1.59 %2019-03: 1.62 %2019-04: 1.54 %2019-05: 1.51 %2019-06: 1.51 %2019-07: 1.49 %2019-08: 1.46 %2019-09: 1.51 %2019-10: 1.53 %2019-11: 1.58 %2019-12: 1.6 %2020-01: 1.56 %2020-02: 1.51 %2020-03: 1.5 %2020-04: 1.59 %2020-05: 1.58 %2020-06: 1.61 %2020-07: 1.65 %2020-08: 1.72 %2020-09: 1.61 %2020-10: 1.59 %2020-11: 1.61 %2020-12: 1.55 %2021-01: 1.58 %2021-02: 1.59 %2021-03: 1.34 %2021-04: 1.72 %2021-05: 1.55 %2021-06: 1.53 %2021-07: 1.58 %2021-08: 1.56 %2021-09: 1.59 %2021-10: 1.46 %2021-11: 1.44 %2021-12: 1.44 %2022-01: 1.52 %2022-02: 1.54 %2022-03: 1.72 %2022-04: 1.72 %2022-05: 1.71 %2022-06: 2.29 %2022-07: 2.04 %2022-08: 2.15 %2022-09: 2.77 %2022-10: 3 %2022-11: 3.25 %2022-12: 3.54 %2023-01: 3.73 %2023-02: 4.03 %2023-03: 4.49 %2023-04: 4.62 %2023-05: 4.81 %2023-06: 5.04 %2023-07: 5.22 %2023-08: 5.27 %2023-09: 5.34 %2023-10: 5.56 %2023-11: 5.39 %2023-12: 5.43 %2024-01: 5.38 %2024-02: 5.32 %2024-03: 5.43 %2024-04: 5.42 %2024-05: 5.34 %2024-06: 5.3 %2024-07: 5.26 %2024-08: 5.27 %2024-09: 4.98 %2024-10: 4.94 %2024-11: 4.75 %2024-12: 4.57 %2025-01: 4.5 %2025-02: 4.38 %2025-03: 4.09 %2025-04: 3.94 %2025-05: 3.79 %2025-06: 3.79 %2025-07: 3.63 %2025-08: 3.53 %2025-09: 3.63 %2025-10: 3.64 %2025-11: 3.59 %2025-12: 3.7 %2026-01: 3.72 %2026-02: 3.63 %2026-03: 3.81 %2026-04: 3.78 %2026-05: 3.72 %2026-06: 4 %2026-07: 3.98 %2026-08: 3.88 %
%. Source: ECB, ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N). Retrieved 2026-10-12.
All 284 values
Period%
2026-083.88
2026-073.98
2026-064
2026-053.72
2026-043.78
2026-033.81
2026-023.63
2026-013.72
2025-123.7
2025-113.59
2025-103.64
2025-093.63
2025-083.53
2025-073.63
2025-063.79
2025-053.79
2025-043.94
2025-034.09
2025-024.38
2025-014.5
2024-124.57
2024-114.75
2024-104.94
2024-094.98
2024-085.27
2024-075.26
2024-065.3
2024-055.34
2024-045.42
2024-035.43
2024-025.32
2024-015.38
2023-125.43
2023-115.39
2023-105.56
2023-095.34
2023-085.27
2023-075.22
2023-065.04
2023-054.81
2023-044.62
2023-034.49
2023-024.03
2023-013.73
2022-123.54
2022-113.25
2022-103
2022-092.77
2022-082.15
2022-072.04
2022-062.29
2022-051.71
2022-041.72
2022-031.72
2022-021.54
2022-011.52
2021-121.44
2021-111.44
2021-101.46
2021-091.59
2021-081.56
2021-071.58
2021-061.53
2021-051.55
2021-041.72
2021-031.34
2021-021.59
2021-011.58
2020-121.55
2020-111.61
2020-101.59
2020-091.61
2020-081.72
2020-071.65
2020-061.61
2020-051.58
2020-041.59
2020-031.5
2020-021.51
2020-011.56
2019-121.6
2019-111.58
2019-101.53
2019-091.51
2019-081.46
2019-071.49
2019-061.51
2019-051.51
2019-041.54
2019-031.62
2019-021.59
2019-011.58
2018-121.6
2018-111.6
2018-101.62
2018-091.62
2018-081.55
2018-071.56
2018-061.67
2018-051.6
2018-041.72
2018-031.77
2018-021.69
2018-011.61
2017-121.75
2017-111.74
2017-101.7
2017-091.74
2017-081.72
2017-071.73
2017-061.78
2017-051.7
2017-041.8
2017-031.85
2017-021.72
2017-011.7
2016-121.86
2016-111.79
2016-101.8
2016-091.88
2016-081.79
2016-071.82
2016-061.9
2016-051.85
2016-041.93
2016-032.02
2016-021.92
2016-011.98
2015-122.04
2015-112.04
2015-102.05
2015-092.22
2015-082.03
2015-072.05
2015-062.12
2015-052.08
2015-042.11
2015-032.16
2015-022.06
2015-012.12
2014-122.28
2014-112.29
2014-102.3
2014-092.39
2014-082.35
2014-072.44
2014-062.54
2014-052.61
2014-042.61
2014-032.73
2014-022.58
2014-012.6
2013-122.6
2013-112.53
2013-102.58
2013-092.62
2013-082.5
2013-072.54
2013-062.57
2013-052.52
2013-042.59
2013-032.62
2013-022.57
2013-012.6
2012-122.61
2012-112.67
2012-102.66
2012-092.8
2012-082.78
2012-072.91
2012-063.06
2012-053.04
2012-043.06
2012-033.15
2012-023.26
2012-013.3
2011-123.5
2011-113.52
2011-103.69
2011-093.62
2011-083.65
2011-073.63
2011-063.69
2011-053.56
2011-043.54
2011-033.4
2011-023.39
2011-013.2
2010-123.35
2010-113.28
2010-103.11
2010-093.11
2010-083.23
2010-073.08
2010-063.11
2010-053.18
2010-043.11
2010-033.11
2010-023.17
2010-013.11
2009-123.2
2009-113.5
2009-103.31
2009-093.13
2009-083.42
2009-073.41
2009-063.61
2009-053.56
2009-043.58
2009-033.85
2009-023.99
2009-014.28
2008-124.9
2008-115.39
2008-105.98
2008-096.06
2008-085.9
2008-075.84
2008-065.85
2008-055.7
2008-045.79
2008-035.77
2008-025.58
2008-015.63
2007-125.85
2007-115.62
2007-105.72
2007-095.85
2007-085.65
2007-075.57
2007-065.53
2007-055.34
2007-045.38
2007-035.33
2007-025.17
2007-015.1
2006-125.06
2006-114.91
2006-104.88
2006-094.8
2006-084.76
2006-074.64
2006-064.59
2006-054.49
2006-044.34
2006-034.35
2006-024.19
2006-014.08
2005-124.1
2005-114.04
2005-103.94
2005-093.96
2005-083.93
2005-073.93
2005-063.94
2005-053.89
2005-043.93
2005-034.01
2005-024.1
2005-014.08
2004-124.12
2004-114.07
2004-104.19
2004-094.22
2004-084.17
2004-074.23
2004-064.24
2004-054.25
2004-044.19
2004-034.21
2004-024.24
2004-014.29
2003-124.3
2003-114.2
2003-104.28
2003-094.27
2003-084.32
2003-074.29
2003-064.28
2003-054.55
2003-044.77
2003-034.82
2003-024.84
2003-014.92

Rankings

Definition

Monthly composite interest rate on new bank loans to non-financial corporations, in percent per year. Rates across corporate loan categories are combined using 24-month moving averages of new loan volumes.

Annualised agreed rates or narrowly defined effective rates (AAR/NDER) exclude fees and other charges. Corporations are non-financial companies, ESA 2010 sector S.11; the classification changed in December 2014. The euro area aggregate has changing membership. Country histories start at different dates; values may be revised.

How to cite

European Central Bank. ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N). https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

European Central Bank. (n.d.). ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N) (Composite cost of borrowing for non-financial corporations, Germany, 2003-01 to 2026-08) [Data set]. Retrieved October 12, 2026, from https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01

MLA 9

ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N), Composite cost of borrowing for non-financial corporations, Germany, 2003-01 to 2026-08. European Central Bank, https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01. Invokely, https://invokely.ai/en/business-borrowing-cost/germany. Accessed 12 Oct. 2026.

Chicago (author-date)

European Central Bank. n.d. ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N). Composite cost of borrowing for non-financial corporations, Germany, 2003-01 to 2026-08. Dataset. Accessed October 12, 2026. https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01. Also distributed by Invokely, https://invokely.ai/en/business-borrowing-cost/germany.

Harvard

European Central Bank (no date) ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N), Composite cost of borrowing for non-financial corporations, Germany, 2003-01 to 2026-08 [Dataset]. Available at: https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01, via Invokely: https://invokely.ai/en/business-borrowing-cost/germany (Accessed: 12 October 2026).

BibTeX
@misc{european_composite_cost_of_borrowing_2026,
  author = {{European Central Bank}},
  title = {{ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N): Composite cost of borrowing for non-financial corporations, Germany, 2003-01 to 2026-08}},
  howpublished = {Data set},
  url = {https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/business-borrowing-cost/germany. Publisher attribution: European Central Bank. ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N). https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata\&startPeriod=2003-01. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - European Central Bank
TI  - ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N): Composite cost of borrowing for non-financial corporations, Germany, 2003-01 to 2026-08
PB  - European Central Bank
DB  - Invokely
UR  - https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01
L2  - https://invokely.ai/en/business-borrowing-cost/germany
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/business-borrowing-cost/germany.
N1  - Publisher attribution: European Central Bank. ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N). https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01. Retrieved 2026-10-12.
ER  -
Embed this chart

Paste this code into a web page or a blog post. The chart shows the latest figures as they are published, with the source and a link back to this page.

Sites that read oEmbed links, such as WordPress, can show the chart when you paste the link to this page.

Use this data in your AI agent

Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:

What is the latest composite cost of borrowing for non-financial corporations in Germany? Cite the source.
get_value {"indicator":"ecb_business_borrowing_cost","place":"de"}
GET https://invokely.ai/api/v1/value?indicator=ecb_business_borrowing_cost&place=de

Connect Claude, ChatGPT or Cursor in one step. The trial answers 25 calls a day without an account.

Questions

What is the composite cost of borrowing for non-financial corporations in Germany?

Composite cost of borrowing for non-financial corporations in Germany was 3.88% in August 2026, according to the European Central Bank. That is up 0.35 pts from August 2025. That is the 13th highest of 21 EU countries in August 2026.

Where does this figure come from?

European Central Bank. ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N). Retrieved by Invokely on 2026-10-12.

What was the highest composite cost of borrowing for non-financial corporations in Germany?

6.06% in September 2008, the highest value since January 2003 in this series.

Composite cost of borrowing for non-financial corporations elsewhere in European Union (27)

Related statistics for Germany

All statistics for Germany | Germany in figures