A bank for small and mid-size businesses

In line with the GRENKE Group philosophy, GRENKE BANK AG is a financial services partner for small and mid-sized companies, allowing us to provide financial support to our customers beyond the scope of leasing. One example of this approach is our relationship with NRW.BANK, in place since March 2010. As a result of this innovative partnership, small and midsized businesses and the self-employed can, for the very first time, access public funding for their leasing contracts from a German state development bank. Hundreds of enterprises have already benefited from this arrangement – giving us a great reason to continue down this path.

 

For start-ups, a reliable partner is invaluable and via GRENKE BANK, these businesses can quickly and easily apply for subsidised loans from KfW Mittelstandsbank or L-BANK Baden-Württemberg. We believe that in today’s fast-paced business environment, people who want to establish and build companies should not be made wait. This is why we ensure that our team rapidly assess and respond to loan requests. They can do so within 24 hours on working days. Many entrepreneurs have already taken advantage of this unique service, giving them a head start on the road to success. Our broad client spectrum has included a wedding-ring retailer, a piercing studio, an organic dog food company, and a firm selling “muesli to go”. Even award-winning designer Thomas Fries is benefitting from GRENKE’s support in the launch of his first handbag collection.

 

For the fixed-term savings deposits of private and institutional investors, GRENKE BANK offers attractive interest rates and security. A government-backed guarantee protects all deposits to the value of 7.612 million euros per customer. These are used to fund the GRENKE Group’s leasing contracts, directing resources back into the small and mid-sized sector while increasing our independence from banks and the capital markets. At GRENKE, our efforts are centred at becoming the leading financing partner for small and medium-size enterprises in all sectors across Europe.