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10.07.2006

Co-operation BA-CA and KfW: EUR 150 million low interest loans for Austrian SMEs

Bank Austria Creditanstalt (BA-CA) has received EUR 150 million from Kreditanstalt für Wiederaufbau (KfW) with which to extend low interest loans. The money is especially earmarked for Austrian small and medium-sized enterprises and is intended to help them make long-term investments.

BA-CA thus has financing lines from KfW totalling EUR 450 million which are earmarked for lending in Austria. BA-CA also has an additional EUR 300 million at its disposal to be used in Central and Eastern Europe. BA-CA has received a total EUR 75 billion from KfW for its financing business with SMEs, making it one of the development banks biggest partners in Austria.

Kreditanstalt für Wiederaufbau (KfW) is one of the largest development banks in Europe. It was founded in 1948 with its headquarters in Frankfurt am Main. Among other activities, KfW offers lending schemes and refinancing lines in the EU and CEE. These make it possible to offer low-interest loans for entrepreneurs, the self-employed and public-private partnerships.

Enquiries: Bank Austria Creditanstalt Press Office Austria
Christian Kontny, Tel. +43 (0)5 05 05 Ext. 52483;
E-mail: christian.kontny@ba-ca.com