KfW

DGAP-News: KION Group has additional liquidity at its disposal

Friday, May 22, 2020 - 4:03pm

Frankfurt, May 22, 2020 - The KION Group is taking another precautionary measure to maintain its financial strength and flexibility during the coronavirus crisis.

Key Points: 
  • Frankfurt, May 22, 2020 - The KION Group is taking another precautionary measure to maintain its financial strength and flexibility during the coronavirus crisis.
  • The Group has reached agreement with its core group of banks on the provision of a syndicated liquidity line (SLL) with Kreditanstalt fr Wiederaufbau (KfW) taking a leading role.
  • With this additional syndicated credit facility, the KION Group believes it is in a very robust position to weather the current crisis.
  • The KION Group will repay any parts of the loan that it draws down, including interest and fees, as quickly as possible.

DGAP-News: Varengold Bank AG receives KfW accreditation as principal bank

Friday, May 22, 2020 - 1:08pm

Hamburg, 22nd May 2020 - Varengold Bank AG, which has put partnerships with online credit platforms at the centre of its business strategy, has been accredited by the Kreditanstalt fr Wiederaufbau (KfW) for the Special Programmes 2020 (KfW-Coronavirus Aid).

Key Points: 
  • Hamburg, 22nd May 2020 - Varengold Bank AG, which has put partnerships with online credit platforms at the centre of its business strategy, has been accredited by the Kreditanstalt fr Wiederaufbau (KfW) for the Special Programmes 2020 (KfW-Coronavirus Aid).
  • This release contains forward-looking statements that involve certain risks and uncertainties.
  • Varengold Bank AG assumes no responsibility for updating the forward-looking statements contained in this release.
  • 22.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.

DGAP-News: Voltabox Uses 2019 Annual Financial Statements for Comprehensive Balance Sheet Adjustment

Friday, May 8, 2020 - 2:05pm

With this adjustment, the difference between equity and market capitalization, which had become rather significant, was reduced considerably.

Key Points: 
  • With this adjustment, the difference between equity and market capitalization, which had become rather significant, was reduced considerably.
  • From where things stand today, there is no need for loans from the German development bank KfW.
  • Of those, 19.0 million are attributable to adjustments of assets with regard to the still unprofitable U.S. subsidiary Voltabox of Texas.
  • "The ongoing adjustment of our statement of financial position is an important step for the stable and sustainable development of our company," says Jrgen Pampel, Chief Executive Officer of Voltabox AG.

DGAP-News: Sixt SE: Sixt SE signs syndicated loan agreement with bank consortium including KfW

Wednesday, May 6, 2020 - 5:05pm

The consortium consists of Bayerische Landesbank, Commerzbank Aktiengesellschaft, DZ BANK AG, UniCredit Bank AG as well as the German state-owned KfW Bank.

Key Points: 
  • The consortium consists of Bayerische Landesbank, Commerzbank Aktiengesellschaft, DZ BANK AG, UniCredit Bank AG as well as the German state-owned KfW Bank.
  • Pullach, 6 May 2020 - Today, Sixt SE signed a syndicated loan with a consortium of banks consisting of Bayerische Landesbank, Commerzbank Aktiengesellschaft, DZ BANK AG and UniCredit Bank AG as well as the German state-owned "Kreditanstalt fr Wiederaufbau" (KfW Bank).
  • 2019 was the most successful financial year in the corporate history of Sixt SE.
  • In view of the uncertainties caused by the COVID-19 pandemic, the Managing Board of Sixt SE has decided to secure financial flexibility through this syndicated loan agreement.

DGAP-News: AKASOL AG: Securing Future Growth: AKASOL Finalizes Outside Financing Package of Nearly EUR 60 Million

Thursday, November 21, 2019 - 3:11pm

The package includes conventional bank loans for small and mid-sized enterprises from Deutsche Bank, Commerzbank and BW Bank as well as KfW Development Bank subsidies for energy-efficient construction.

Key Points: 
  • The package includes conventional bank loans for small and mid-sized enterprises from Deutsche Bank, Commerzbank and BW Bank as well as KfW Development Bank subsidies for energy-efficient construction.
  • "The agreements we concluded with the three large banks will allow us to optimize our financing in the near term.
  • The attractive terms of the individual loans are an expression of our top-shelf creditworthiness and the strong confidence in AKASOL," explained Carsten Bovenschen, the CFO of AKASOL AG.
  • Demand for AKASOL's technology is already very strong, as demonstrated by the orders on hand, which are currently around EUR 2 billion.

Almonty Announces the Acceptance by the Lending Bank of the Final Technical Due Diligence Report on the Sangdong Mine Development Project and the Commissioning of the Pilot Plant

Monday, July 29, 2019 - 9:15pm

Almonty also announces the mechanical completion and the commencement of commissioning of the government-subsidized pilot plant at the site on the same day.

Key Points: 
  • Almonty also announces the mechanical completion and the commencement of commissioning of the government-subsidized pilot plant at the site on the same day.
  • The acceptance of the final due diligence report by KfW-IPEX Bank is truly a meaningful turning point for the Sangdong Mine Project.
  • The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in project financing.
  • We are particularly pleased that the project, after ceaseless efforts for betterment and the long period of preparation, is now moving to the actual development stage.

Barak Appointed to Manage Working Capital Facility for Agricultural SMEs in Africa

Tuesday, May 14, 2019 - 9:00am

LONDON, May 14, 2019 /PRNewswire/ --AgDevCo and KfW are pleased to announce the appointment of Barak Fund Management Limited as the new manager of LAFCo, a working capital facility dedicated to agricultural SMEs in Sub-Saharan Africa.

Key Points: 
  • LONDON, May 14, 2019 /PRNewswire/ --AgDevCo and KfW are pleased to announce the appointment of Barak Fund Management Limited as the new manager of LAFCo, a working capital facility dedicated to agricultural SMEs in Sub-Saharan Africa.
  • LAFCo addresses the lack of working capital and trade finance facilities for smaller companies, in particular for those operating in local and regional value chains.
  • At a time when there is volatility in trade finance markets, the need for a dedicated agricultural facility for African SMEs is greater than ever."
  • "We launched LAFCo to fill that gap with financing products that are designed to suit the specific needs of agricultural SMEs."

Experts from the British Business Bank and KfW give evidence

Tuesday, November 13, 2018 - 1:09pm

EU Financial Affairs Sub-Committee takes evidence at 10.15 am on Wednesday 14 November 2018 at 10.15am

Key Points: 
  • Wednesday 14 November in Committee Room 4A, Palace of Westminster
    Eva Witt, Director of Federal and European Affairs, KfW
    How does the British Business Bank (BBB) help improve access to finance for SMEs?
  • What would be the consequences if the European Investment Fund (EIF) withdraws from the UK market?
  • The Chancellor of Exchequer announced 200 million of additional funding for the BBB to replace EIF if needed.
  • Where does KfW provide the most added value compared to the private sector?

Experts from the British Business Bank and KfW give evidence

Tuesday, November 13, 2018 - 1:07pm

EU Financial Affairs Sub-Committee takes evidence at 10.15 am on Wednesday 14 November 2018 at 10.15am

Key Points: 
  • Wednesday 14 November in Committee Room 4A, Palace of Westminster
    Eva Witt, Director of Federal and European Affairs, KfW
    How does the British Business Bank (BBB) help improve access to finance for SMEs?
  • What would be the consequences if the European Investment Fund (EIF) withdraws from the UK market?
  • The Chancellor of Exchequer announced 200 million of additional funding for the BBB to replace EIF if needed.
  • Where does KfW provide the most added value compared to the private sector?