The 1995 regulations gave banks the option to submit a strategic plan for complying with CRA in lieu of the standard approach to examination. A community development test was offered to wholesale and limited-purpose banks as a standard for their compliance.
And, even in 2005, German real GDP grew by only 0.9%, which was not impressive either. But simply looking at the annual growth rate in 2005 would mean overlooking the positive tendency during the course of that year, with quarterly GDP rates accelerating. Regarding the current stage of Germany’s upswing, one thing in particular is worth mentioning.