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28.09.2007

BA-CA and KfW sign third blanket credit agreement: EUR 150 million in low-interest loans for Austrian SMEs

Bank Austria (BA-CA) has obtained EUR 150 million from Kreditanstalt für Wiederaufbau (KfW) to provide low-interest loans. This money is targeted specifically at Austrian small and medium-sized enterprises and is intended to support them with their long-term investment plans.

BA-CA therefore has credit lines from KfW amounting to EUR 600 million which are to be used for lending in Austria. BA-CA has an additional EUR 300 million available to provide loans in Central and Eastern Europe (CEE). All told, BA-CA has thus secured low-interest refinancing from KfW for its SME client segment totalling almost EUR 1 billion, therefore cementing its position as the largest partner of the development bank in Austria.

Kreditanstalt für Wiederaufbau (KfW) is one of the largest development banks in Europe. It was founded in 1948 and is based in Frankfurt am Main. Among other things KfW offers credit programmes and refinancing within the EU and CEE. These facilitate the granting of low-interest loans for small and medium-sized enterprises, the self-employed and sponsors of infrastructure projects.

Enquiries: Bank Austria Creditanstalt Press Office Austria
Christian Kontny, Tel. +43 (0) 50505 EXT 52483
e-mail: christian.kontny@ba-ca.com