March 24, 2020 / 9:13 AM / 6 days ago

Deutsche Bank received 5,300 queries on Monday for KfW virus financing

FRANKFURT, March 24 (Reuters) - Deutsche Bank received more than 5,300 queries from customers on Monday for emergency government-backed funding through Germany’s KfW bank, a spokesman said on Tuesday.

The bank also received 300 concrete credit applications. The first loans have already been approved and will probably be paid out this week, the spokesman added.

Reporting by Patricia Uhlig; Writing by Tom Sims; editing by Scot W. Stevenson

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