German Banks Are Willing to Extend Loans to Businesses
German banks and savings banks intend to expand lending to small and medium-sized businesses. Such a promise was made at the "Summit" hosted by the initiative of Chancellor Angela Merkel.
Online, June 14, 2014 (Newswire.com) - Retail and savings banks of Germany intend to create a special fund for lending to small and medium-sized businesses. As the agency AFP, the agreement was reached during the "Summit" held by the German Chancellor Angela Merkel (Angela Merkel). The initiative to create the bank was the head Deutsche Bank Josef Ackermann. He stressed that the responsibility for the activities of the Fund will be borne by financial institutions.
In this regard, Economics Minister Rainer Brüderle appreciated the fact that banks have expressed willingness to own, without help from the state, to help small and medium businesses. Finance Minister Wolfgang Schaeuble after the meeting said that the government has decided to appoint a coordinator, designed to help solve problems in lending. It will deal with complaints and requests of enterprises, as well as contribute to the settlement of conflicts arising.
Cabinet will keep under control the credit system
Problem of bank loans was devoted to a special government session held on the eve of the "summit", reminds agency AP. Opening the meeting, the Prime Minister Angela Merkel stressed that the improvement in the economic conditions directly associated with improved credit. Vice Chancellor and Foreign Minister Guido Westerwelle said that at one time banks were state support, now they have to show a sense of responsibility and help small and medium businesses.
Chairman of the Association of German Trade Unions, Michael Sommer recalled that the government has allocated generous assistance to banks - they were granted 480 billion euros. Also a special law on the so-called "bad bank", written for the purification of debt "normal banks." Keep in mind that interest rates for a long time are very low. In this regard can not be a question about why there are still problems in lending, said the union leader.
The meeting "Summit" attended by federal ministers, as well as about thirty senior financial community, entrepreneurs and trade unionists.
More updates about economy in Germany at http://gerbanks.com