Deutsche Bank and NRW.BANK have concluded an agreement on a global loan totalling 200 million.
NRW.BANK, the development bank of the state of North Rhine-Westphalia, will provide Deutsche Bank with low interest refinancing funds to issue loans to small and mid-sized businesses in North Rhine-Westphalia.
“We are pleased to be able to offer our mid-cap clients in NRW a flexible and attractive financing alternative. We back mid-cap businesses in our home market and assist them in their business activities in Germany and abroad,” says Jrgen Fitschen, member, Group Executive Committee, Deutsche Bank.
“With these financing funds, we provide an additional contribution to the stabilization of mid-cap business in North Rhine-Westphalia,” adds Ulrich Schrder, chairman, managing board, NRW.BANK.
The global loan is a development product of NRW.BANK. As a public law development bank, NRW.BANK can obtain favourable refinancing terms on the capital markets. NRW.BANK passes on these advantages in the form of global loans to banks and savings banks.
The loan offers a broad-based development approach for investments at attractive and flexible conditions for small and mid-sized businesses in North Rhine-Westphalia.