Bonndorf will invest almost four million euros in 2023. The largest single project with 1.6 million is the construction of the new school administration building. With 3.82 million euros, the committee achieved its goal on Monday evening: investments without borrowing. According to treasurer Nikolaus Riesterer, the city has four million euros at its disposal. The … Read more
The slump in the world’s largest asset class has spread from the housing market to commercial real estate, threatening to unleash a wave of credit shocks across the economy. Almost $175 billion in real estate loans are already in default, according to data compiled by Bloomberg. As the damage from higher interest rates and the … Read more
The federal government’s planned new home ownership program for families is scheduled to start in June. “We are working on a new property promotion for families with an income of up to 60,000 euros per year plus 10,000 euros per child,” said Federal Building Minister Klara Geywitz (SPD) of the world on Sunday. The corresponding … 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
Frankfurt skyline German cooperative banks have around 30 million private and corporate customers. (Photo: dpa) Frankfurt Despite the economic downturn, German banks Volks- und Raiffeisenbanken again extended more loans last year. The loan portfolio increased by seven percent year-on-year to 758 billion euros, their lobby association BVR said on Monday with reference to preliminary data. … Read more
However, Malte Gallée is not completely satisfied. The MEP is angry that member states have refused to harmonize penalties for breaches of the consumer credit directive. According to the Bavarian, the Greens had demanded fines amounting to at least four percent of the creditor’s turnover. “The compromise simply states that member states must ensure that … Read more
Sustainability Linked Loans (SLL) were the most widely used sustainable debt product in 2021. These are loans where the terms of interest are linked to the borrower’s sustainability goals. In most cases, the borrower’s interest income rises or falls, depending on whether or not it meets its sustainability goals. By Prof. dr. Dirk…Read the full … Read more
Yordan Petkov, who together with his partner Ralitsa “set fire” to friends with loans worth 90 kroner, has asked the court to be released from prison and return home for Christmas. The 32-year-old, originally from Stara Zagora, indicated that he should take care of his son. However, the magistrates are adamant that this is precisely … Read more
dwelling Newly built residential buildings stand next to each other in the center of Berlin. For many builders, KfW loans are an important part of the financing. (Photo: dpa) Frankfurt Hardly any home builder can avoid the programs of the KfW development bank. Because the funds are among the few state subsidies for new construction. … Read more
Around 11,000 young Colombians will be able to access in 2023 the economic relief provided by Icetex for higher education programs ranging from subsidized interest rates to maintenance support. (Historic announcement! Icetex will offer interest-free educational loans). These benefits are part of the current call for credit, which focuses on providing more support and alternatives … Read more