The National Council wants to fix the interest on the Covid-19 loans for eight years at 0 or 0.5 percent. The financial center speaks of a subsequent change in the rules of the game and potential additional costs amounting to hundreds of millions of francs.
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Experts from the federal administration who were involved in the planning and implementation of the Covid 19 credit program hope that the Council of States will correct the decision of the National Council during the winter session.
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The Covid-19 loan program for small and medium-sized enterprises (SMEs) in the first phase of the pandemic was considered a great success, but now the political follow-up is causing resentment in the banking industry.
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