VR Leasing to work with EIB on SME discount

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 12.5 million, lasting between 48 and 60 months, on items such as machinery and medical equipment.

By Claire Hack

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 €12.5 million, 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 €50 million fund, supplied by EIB and made available to customers via DZ Bank.

VR Leasing CEO Reinhard Gödel said: “Liquidity for many companies is still critical.