Awards more loans than ever before
The German Federal Reconstruction Loan Corporation awarded promotional loans amounting to 50.9 billion euros last year, setting a new record in domestic business. According to its own statements, the institute has awarded EUR 23.8 billion through KfW Mittelstandsbank, 40 percent more than a year earlier.
A major reason for the increase in loans to the commercial sector was KfW’s special program launched at the beginning of 2009 to combat the economic crisis. Under the program, KfW’s annual report was awarded after 2,500 loans totaling EUR 7.2 billion. 94 percent of these loans were for medium-sized customers.
In addition to the promotion of small and medium-sized enterprises and combating the recession , KfW was also active in the field of building renovation: 8.9 billion euros of credit were granted through the programs for the energy-efficient construction and renovation of buildings – thanks to subsidies from the federal budget Conditions.
Just under one third of KfW’s total promotional volume was spent on climate protection investments in Germany and abroad: 19.8 billion euros were made available for these purposes. Environmental projects have been a focus of the Institute’s activities for several years.
KfW was pleased to announce that it was able to refinance its own activities on the capital market last year without any problem. The State Bank claims to have issued just under € 75bn by issuing bonds. The refinancing requirement will again be at this level this year.
KfW grants loans for very different purposes to private customers as well as to companies and local authorities. In addition to loans for the financing , modernization and renovation of buildings also loans for business start-ups, subordinated loans for small and medium-sized enterprises and loans for students belong to the assortment of the State Bank.