Low demand for loans with a state anti-Corona guarantee
Commercial banks have so far only provided €516m in corporate loans with a state anti-Corona guarantee. The original plan was to provide €500m in such loans per month. The guarantee scheme was extended until the end of June. None of the state-backed loans has defaulted so far, as there is a year-long repayment deferral. The lack of interest stems from availability of other bank loans, the requirement to maintain employment, high collateral requirements and a high fee for the state guarantees.