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The mobilisation of capital in Germany - On three questions around private investments

26 February 2026

AFME and zeb Consulting have published the report “The Mobilisation of Capital in Germany – Three questions around private investments.”

 

The analysis shows that Germany faces a triple challenge: a significant investment backlog, an underdeveloped start-up and scale-up ecosystem, and an ageing pension system. At the same time, households hold substantial unused savings in low‑yield accounts.

 

The report underlines a clear message: Germany’s economic resilience and competitiveness can be boosted by establishing and utilising deeper and more integrated capital markets – driven jointly by policymakers, the financial sector and society.

 

Read our related press release here.

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