Zou Lan, head of the monetary policy department of the Chinese central bank PBOC Zou is also considering lowering the reserve ratio for commercial banks to allow them to lend more. (Foto: imago images/VCG) Beijing, Hong Kong China’s central bank wants to dig deep into its tool kit to fight an economic downturn in the world’s … Read more
Bankenskyline von Frankfurt 29.9 percent of those companies that are currently negotiating a loan reported reluctance on the part of the banks in December. (Photo: dpa) Berlin In view of rising interest rates and the feared recession, companies in Germany are finding it more difficult to obtain new bank loans. 29.9 percent of those companies … Read more
– BERLIN Some consumer credit rules do not yet apply to zero percent financing. According to the will of the EU Commission, consumers should be better protected when borrowing in future. However, the EU countries want to exclude some forms of credit from the planned reform. “It’s a problem that zero percent financing has lower … Read more
– Credit without a credit check Buy now, pay later: According to consumer advocates, there is often no credit check for such financing offers. Photo: Franziska Gabbert/dpa-tmn – (Photo: dpa) – – – – “Every month, households have to raise large sums relative to their income to meet the burden of debt.” Mohn demands that … Read more
– “We are seeing strong demand for funding in the areas of climate change and the environment and, fortunately, a decline in demand for corona aid,” said Stefan Wintels, CEO, who has been in office since last October. At EUR 34.5 billion, demand for the program for the promotion of energy-efficient buildings, which was recently … Read more
– Volksbank According to preliminary figures, the institutes expanded their lending business in 2021 compared to the previous year by almost seven percent to 710 billion euros, as the Federal Association of German Volksbanks and Raiffeisenbanks (BVR) announced on Monday in Berlin. – (Photo: dpa) – – – – Frankfurt The German cooperative banks extended … Read more
– CFO Daniel Drummer, CEO Raffael Johnen and COO Arie Wilder (from left) CEO Johnen had already admitted last year that the growth targets for 2020 could not be achieved. – (Photo: Auxmoney) – – – – Berlin The Auxmoney credit platform is gearing up for further growth. Auxmoney receives from Citigroup and Chenavari Investment … Read more
Application form for corona aid Many entrepreneurs are dependent on government support in the pandemic. – (Photo: dpa) – – – – Berlin Economy Minister Peter Altmaier (CDU) and Finance Minister Olaf Scholz (SPD) have announced one aid program after another for the economy since the beginning of the pandemic. Aid amounting to 89.4 billion … Read more
– Financial conditions in the euro area were mainly determined by monetary policy measures during the pandemic. Together with a supportive fiscal policy, they have mitigated the economic effects of the Covid-19 crisis. The banks were also able to operate in a more favorable environment as the regulatory requirements were significantly relaxed. However, the end … Read more
– Financial district in Frankfurt In December, the financial institutions issued 7.0 percent more loans to companies than a year earlier. – (Photo: dpa) – – – – Frankfurt Despite the corona pandemic, large amounts of bank loans continued to flow to companies in the euro area at the end of the year. In December, … Read more