Deutsche Bank offers energy loans to help companies cope with rising energy cost
With its "Energy Loan", Deutsche Bank has launched a credit programme to help companies invest in their energy efficiency and cope with the sharp rise in energy costs.
The energy loan is aimed at small and medium-sized enterprises in Germany that want to become less dependent on fossil fuels. The Bank's loan helps companies, for example, to invest in equipment and machinery to increase energy efficiency, to convert a heating system or to build a photovoltaic or biomass system. Companies can also use the energy loan as an additional building block in their working capital financing.
"Especially now, when business models of many companies are under pressure due to the sharp rise in energy prices, we want to help companies cope with the inflation in energy costs," explains Hauke Burkhardt, head of lending at Deutsche Bank’s Corporate Bank. "By investing in sustainable technologies and in higher energy efficiency, companies reduce their energy costs and can increase their financial leeway for the future."
The energy loan comprises up to 250,000 euros per company and runs for up to 180 months. Up to 24 months are repayment-free. Companies can apply for and take out this loan online - via the information portal Energy Security
Note: the energy loan is available to corporate clients in Germany. The external website is available in German only.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.
Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in our SEC Form 20-F of 11 March 2022 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
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With its "Energy Loan", Deutsche Bank has launched a credit programme to help companies invest in their energy efficiency and cope with the sharp rise in energy costs.
The energy loan is aimed at small and medium-sized enterprises in Germany that want to become less dependent on fossil fuels. The Bank's loan helps companies, for example, to invest in equipment and machinery to increase energy efficiency, to convert a heating system or to build a photovoltaic or biomass system. Companies can also use the energy loan as an additional building block in their working capital financing.
"Especially now, when business models of many companies are under pressure due to the sharp rise in energy prices, we want to help companies cope with the inflation in energy costs," explains Hauke Burkhardt, head of lending at Deutsche Bank’s Corporate Bank. "By investing in sustainable technologies and in higher energy efficiency, companies reduce their energy costs and can increase their financial leeway for the future."
The energy loan comprises up to 250,000 euros per company and runs for up to 180 months. Up to 24 months are repayment-free. Companies can apply for and take out this loan online - via the information portal Energy Security
Note: the energy loan is available to corporate clients in Germany. The external website is available in German only.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.
Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in our SEC Form 20-F of 11 March 2022 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
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