Investitionsbank Schleswig-Holstein (IB.SH) supported the economy in the northern German state with 2.3 billion euros last year. "We feel a tendency to invest in sustainability and digitalization," said CEO Erk Westermann-Lammers on Monday in the state capital, Kiel. In 2018, the total amount of promotional loans was slightly lower at 2.2 billion euros. In 2019, the Investitionsbank launched labour market support in addition to housing construction and economic development.
The balance sheet total rose to 20.6 billion euros (2018: 20.0 billion euros). Earnings before risk and valuation also increased to 77 million euros (2018: 69 million euros). Westermann-Lammers spoke of a stable year. For the current year, he expects weaker economic growth and a lower funding volume of 1.9 billion euros.
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