Subsidised fixed rate credits through AKA BANK
As shareholder bank and as central institution of the cooperative financial network, DZ BANK can make use of the services of AKA BANK.
Our customers benefit from this cooperation with respect to financing their international business.
AKA is one of two banks in Germany providing CIRR (Commercial Interest Reference Rate) credits to finance German exports. The interest rates are published by the OECD and can also be found in the Guideline data export finance.
These subsidised fixed-rate credits allow the financing of capital goods exports and associated services with the help of state subsidies. In Germany exports to certain countries are subsidised with public funds. These countries can be found in the DAC list.

The complete prerequisites for financing with ERP funds can be found on the web pages of AKA.

DZ BANK will be pleased to advise you on AKA BANK’s financing instruments.

Requirements for a CIRR credit include:

Minimum term:4 years
Maximum loan amount from ERP funds: EUR 85 million.
Standby fee:0.375 % p.a.
Reservation commission:1‰ plus 0.2 % p.a. on the applicable CIRR rate. Reservation is possible for a maximum of four months.