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
The economic slowdown of the last part of the year is beginning to be reflected in the new credit generation. From the data relating to the month of October it can be deduced that a slowdown in the granting of new loans both for the purchase of homes and for consumption and companies. More specifically, … Read more