For this reason, the 2023 state budget (APBN) was formulated as a shock absorber to dampen the impact of global turmoil and  Based on the direction of fiscal policy, the APBN architecture in 2023 has been formulated to strengthen resilience and to generate national economic recovery optimism, while remaining vigilant to the impact of global turmoil.
At this point, some of you might interject that more consolidation and merger activity won’t necessarily translate into better credit institutions, and you would be right. Indeed, predicting just how much potential there is left to harness through mergers in Germany’s banking sector is anything but easy.