Annual Report 2022: Facts and Figures (Bürgschaftsbank and MBG Baden-Württemberg) (MBG Baden-Württemberg)

Summary

• German private equity and venture capital investments reached €13.9 billion in 2022, down 29% from €19.6 billion in 2021.p.23
• 625 start-ups and young companies, 71% of all companies financed with equity capital during the year, received venture capital.p.23
• Across Germany, the guarantee banks approved 4,815 commitments (previous year 5,231) with a credit and participation volume of €1,931.3 million.p.6
• Bürgschaftsbank Baden-Württemberg approved 1,868 guarantees (previous year 2,045, -8.7%) with a guarantee volume of €384.0 million.p.7
• Nationwide, the MBGs approved 563 participations (previous year 637, -12%), with approved volume of €258,729 thousand (previous year €291,065 thousand).p.24
• MBG Baden-Württemberg supported 98 projects (previous year 125) with a volume of €46.8 million (previous year €68.6 million).p.25
• Eligible own funds of Bürgschaftsbank reached €161.8 million (previous year €151.8 million, +6.6%) and the total capital ratio was 34.73% (previous year 33.12%).p.10

Key insights

1. The ECB raised its key interest rate to 2.5% by the end of December 2022, ending the long period of zero interest rates.p.3
2. German GDP rose by 1.9% in 2022, the same as in Baden-Württemberg, while the euro zone grew by 3.5%.p.3
3. Over 64% of the projects approved by the German guarantee banks in 2022 were business start-ups.p.6
4. A 25% expansion of the program limits for the Startfinanzierung80 program was prepared for implementation in the first quarter of 2023.p.7
5. Under the Innovationsfinanzierung50 program, 18 projects with €6.9 million were approved.p.8
6. Defaults at Bürgschaftsbank numbered 165 (previous year 166) with a volume of €12.4 million (previous year €15.6 million, -20.2%).p.8
7. From 2023 the guarantee ceiling is €2.0 million.p.11
8. For 2023 Bürgschaftsbank plans a new approval volume of up to €350 million for guarantees.p.12
9. Minority investments such as growth, replacement and turnaround financing reached €2.6 billion, well below the previous year's record of €4.2 billion.p.23