minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability. …

Using a unique data set on German banks' loans to the German real economy, we investigate banks' credit risk. This data … the period 2003-2011 yields the following results: (i) Beyond the nationwide credit loss rate, industry composition, and … regional factors, the loans' maturity structure is found to drive the bank-wide loss rates in the credit portfolio. (ii) The …

lending can be explained by a shift in credit towards both export-intensive firms and small banks without foreign asset … exposure that have a higher share of exporting firms in their credit portfolio. We also find that German regions where these …

combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model … stress, while more than 6% of our sample's credit banks "fail" the stress test, mainly due to their lack of capital. The main … stress drivers prove to be credit impairments rather than other net income components. …