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 (NRW), 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,” said Jürgen Fitschen, member of the Group Executive Committee of Deutsche Bank, at the signing of the contract. The advantage granted by NRW.BANK is fully passed on by Deutsche Bank in the form of low interest loans to its mid-cap clients.
“With these financing funds, we provide an additional contribution to the stabilization of mid-cap business in North Rhine-Westphalia,” said Dr. Ulrich Schröder, Chairman of the Managing Board of NRW.BANK. In light of an increasing inflation rate and continuing turbulence on the capital markets, this was currently one of the most important functions of a development bank, according to Dr. Schröder.
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. And 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.
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Press and Media Relations
Dr. Ronald Weichert
+49 69 910 38664 (Frankfurt)
Dr. Klaus Bielstein
+49 211 91741 1846 (Düsseldorf)
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,920 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
NRW.BANK is the development bank of the State of North Rhine-Westphalia. It has operations in four key lines of business: start ups and mid-market development, social housing promotion, infrastructure and municipal finance as well as individual development projects. In the 3rd quarter of 2007, NRW.BANK administered development funds amounting to nearly € 5.6 billion.
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