Germany: Slight increase in gross financial assets

German households’ gross financial assets initially performed well in 2011, but their increase slowed abruptly when the stock markets slumped in the second half of the year. At year-end 2011, gross financial assets probably amounted to EUR 4.74 trillion, up from EUR 4.69 trillion a year earlier. Net financial assets came to EUR 3.18 trillion according to initial estimates.