Economy & Politics

Corona crisis These large companies have applied for KfW loans

In the Corona crisis, even global corporations and industry leaders do not get normal credit. The state-owned KfW (formerly: Kreditanstalt für Wiederaufbau) is the savior in times of need. Thanks to the Corona aid, their funding volume more than doubled in the first half of 2020. It rose from 33.6 to 76.2 billion euros. According to the banking group, funding within Germany has even tripled.

KfW’s corona aid in Germany for the first half of 2020 in figures:

  • about 70,000 loan applications
  • 33.6 billion euros in commitments
  • around 97 percent of the applications came from small and medium-sized companies
  • 99.8 percent of them received loans of up to EUR 3 million

KfW also supports large corporations with loans of over 1 billion euros. These big companies have applied for KfW loans.

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