NRW.BANK extends promotional funds of 7 billion euros in first nine months of 2023

08 November 2023

In the first nine months of 2023, NRW.BANK extended promotional funds totalling 7.0 billion euros. While this is 26 percent below the prior-year period (€ 9.5 billion), it is roughly on a par with the pre-pandemic volume of new commitments in 2019, when the Bank extended 6.9 billion euros. The current quarterly figures thus confirm the trend that already became apparent at the half-year stage, namely that demand for promotional funds is returning to normal following the exceptional events of recent years such as the COVID pandemic, the energy crisis and the severe weather events. In addition, continued high inflation and higher interest rates are dampening the propensity to invest.

Learn more here: 231107_PI_Quartalszahlen-Q3_en

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