Berlin's Investment Bank Sees Decrease in Support Loans for Companies

Berlin's Investment Bank Sees Decrease in Support Loans for CompaniesMon 7th Apr, 2025In Berlin, the economic support landscape is facing challenges as the land-owned Investment Bank (IBB) reports a significant drop in the utilization of funding options by local businesses. The total volume of grants and loans provided by the bank declined from approximately EUR370.5 million in the previous year to nearly EUR287 million, a decrease highlighted by IBB's leadership. According to the bank, the monetary aid sourced from the budget for businesses has decreased, as have the loans accessed by companies through the IBB. Additionally, the IBB recorded an unprecedented number of commitments for social housing in 2024, approving over 5,000 units for development. When including special projects such as the heating network, the overall funding activities of the IBB surged by about two-thirds to approximately EUR3.8 billion in the last year.