Categories: Business

Tens of thousands of applications: KfW says companies 33.5 billion Corona-credit help

In the framework of the special loan programme of the national development Bank KfW have entered into in the first 100 days of the approximately 70,000 applications for credit.

23. March until the end of June had been says the company 33.5 billion euros and, therefore, 99 percent of the applications to be finalized, such as the Ministry of economy, Ministry of Finance and KfW are jointly declared. 98.5 percent of the requests had therefore a maximum volume of three million euros. These would be reviewed by the intermediary banks and the KfW without further risk audit says.

“Aid is arriving, and exactly where they are needed, namely, in particular, in the case of small and medium-sized enterprises,” said Federal Minister Peter Altmaier (CDU), according to the memo. The smaller loan applications were reported to 19.5 billion euros.

26 billion euros were spent on applicants with a credit volume of more than ten million euros. Overall, loan applications to approximately 50 billion Euro in the first 100 days received. Only applications with a large volume are still in the test, it said. Instead of the intermediary banks, the KfW will be solely with a Federal government guarantee 80 to 100 percent of the credit risk.

The German Finance Minister, Olaf Scholz, spoke of a “success story”: “Many companies have adopted this financial aid is grateful to get through the difficult time,” said the SPD politician.

Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

$1 Memecoin Hits 66.5% Diamond Hands Milestone – Second Only to SPX6900

London, United Kingdom, 31st July 2025, ZEX PR WIRE, The $1 memecoin has hit a…

3 hours ago

SunnyMining Empowers Users to Grow Stablecoin Holdings with Daily Earnings in USDC, USDT, and DA

Los Angeles, California, 30th July 2025, ZEX PR WIRE, As global investors increasingly seek both stable…

14 hours ago

As Ripple and the SEC enter a new phase, a large number of XRP holders flock to Find Mining in search of stable daily passive income

San Francisco Bay Area, California, 30th July 2025, ZEX PR WIRE, Sources have revealed that…

14 hours ago

A New Revolution in Crypto Income: Ripplecoin Mining Makes XRP Easily Convertible into Daily Cash

Bolton Gardens, London, 30th July 2025, ZEX PR WIRE, Are you still storing your cryptocurrency…

14 hours ago

Invro Mining Redefines Crypto Extraction with AI-Enhanced Cloud Platform for XRP and More

London, UK, 30th July 2025, ZEX PR WIRE, Invro Mining, the world’s leading provider of…

14 hours ago

Stable Profits in a Shaky Market: How JA Mining Makes Crypto Income Predictable

While digital asset markets remain uncertain, JA Mining delivers fixed, transparent daily returns through its…

14 hours ago