German lessor VR Leasing is to offer its
SME customers a discount through parent bank DZ Bank, in
collaboration with the European Investment Bank (EIB).

Customers with 250 employees or fewer
will be offered a 25-basis point reduction on lease agreements
worth between €125,000 and €12.5m, lasting between 48 and 60
months, on items such as machinery and medical equipment.

The discount will be in place until 31
October thanks to a €50m fund, supplied by the EIB and made
available to customers via DZ Bank.

VR Leasing CEO Reinhard Gödel said:
“Liquidity for many companies is still critical. What we are going
to put together is a small stimulus package.”

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By GlobalData