In the first half of 2024, NRW.BANK provided funding of EUR 4.2 billion. Low-interest loans for construction financing were in high demand. Funding for the economy declined.
In the first half of 2024, NRW.BANK Funding totalling EUR 4.2 billion According to the development bank, the volume of new commitments was just below the level of the same period last year (minus seven percent). This means that the funding business is normalizing after the Corona crisis, it says. There were clear differences in the various funding areas.
The largest increase in the first half of 2024 was recorded by Housing supportwhich increased by more than a third to almost 1.3 billion euros.
Two programs were particularly popular: About the program NRW.BANK.Sustainable Living Almost 188 million euros were pledged, compared to 2.6 million euros in the same period last year. The reason for the boom is “that the program was given a very favorable interest rate during the interim halt in federal funding in order to bridge the gap that arose.” The program offers private individuals low-interest loans for the construction or purchase of owner-occupied housing.
About the program NRW.BANK.Home ownership A total of 135.5 million euros were distributed to individuals and families in the first half of the year. In the first half of 2023, this figure was only 9.4 million euros. NRW.BANK cites higher income limits, a lower interest rate and new term models in the funding program as reasons for the increased demand.
Economic development: “Normalization to pre-Corona levels”
There was a significant decline in the area of Economic developmentwhich is related to the above-average strong support for companies during the Corona period. NRW.BANK supported companies and founders with funding totalling 1.2 billion euros – 20 percent less than in the same period last yearThe development bank speaks of a “normalization to the level of the pre-Corona period”.
The increasing demand for NRW.BANK.Efficiency loan for investments in climate and environmental protection. 71.1 million euros were newly awarded, 34 percent more than in the same period last year.
In the program NRW.BANK.Digitalization and Innovation For digitalization projects in companies, there was an increase in demand of 96 percent to a total of 73.7 million euros.
The area is declining Infrastructure and municipalities. Here, the funding institute recorded a decline of 17 percent to 1.7 billion euros (previous year: 2.1 billion euros). The Funding program for schoolsNew loans totalling EUR 106.0 million were approved (EUR 30.7 million in the same period last year). Demand was also high for the Refugee accommodation programthrough which 115.7 million euros were awarded from January to June, 57 percent more than in the first half of 2023.
Those: NRW.BANK
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Text: Kirsten Freund / handwerksblatt.de
