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Flood of the century: This is how the Sparkasse and Volksbank want to help

Balve.
Sparkasse and Volksbank are making various efforts to help flood victims in the Hönnetal. What is planned.

Sparkasse and Volksbank want to help local flood victims.

The savings bank provides low-interest loans for those damaged by the storm. A special loan program was launched as a further support measure. Flood-damaged customers of the Sparkasse from Balve can make use of it.

For commercial as well as private applicants, there are loans in cooperation with the NRW Bank at an interest rate of 0.01 percent. These loans can be obtained from private applicants for building renovations or repairs to damage caused by storms and flood-related cleaning and cleaning work on residential properties they use themselves. Commercial customers can apply for funds for replacement investments.

In addition, a personal loan (interest rate: 0.99 percent) can be used to apply for loans between EUR 2,500 and EUR 25,000 at the Sparkasse – for furniture, electrical appliances or cars, for example.


This special loan program offer is available until the end of August. Details can be obtained directly from the Sparkasse in Balve.

10,000 euros for Balve

Volksbank has promised immediate financial aid of 10,000 euros each to the cities of Balve and Altena.

At the same time, the cooperative bank, whose branches in Altena and Balve were flooded, launched an online campaign. Donations for flood victims are accepted via the crowdfunding platform https://vbinswf.viele-schaffen-mehr.de/vbinswf-hilft. The Volksbank wants to add up to 30,000 euros. The promotion will run until July 28th.

The bank also wants to provide affected private and corporate customers with urgently needed liquidity. The funding advisors of the Volksbank are currently already reviewing the newly launched emergency aid and funding programs of the federal and state governments in order to be able to help those affected quickly and competently with the application and retrieval process. Furthermore, Volksbank wants to create financial leeway for customers individually, for example through short-term credit lines, bridging loans, deferrals or suspension of installments.


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