German state-owned bank KfW plans on offering short-term loans
to German leasing companies, according to recent media reports.
Handelsblatt, the German daily newspaper, reported this
week that KfW aims to grant credit lines to leasing firms which are
not part of banks or carmakers, and which have been excluded from
receiving state funding thus far.
Go deeper with GlobalData
According to BDL, the German leasing association, lessors’ new
business shrank by more than 15 percent in the first half of
2009.
BDL added that it welcomed the move by KfW, although it would
have preferred if lessors could go to KfW directly, rather than
having to go through the intermediary of a bank.
Jason T Hesse
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