News and announce­ments

What’s new at GRENKE? We’ll keep you up to date. You can find all new developments, press releases, financial news and announcements here.

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Oct 2020

Q3 2020: GRENKE increases net interest income year-on-year despite the corona pandemic

  • Net interest income increases 2.5% to EUR 96.0 million (Q3 2019: EUR 93.6 million)
  • Settlement of claims and risk provision amounts to EUR 48.8 million (Q3 2019: EUR 32.2 million) as a result of the corona pandemic and IFRS 9 provisions


Oct 2020

GRENKE AG reinforces Board of Directors and integrates franchise system

  • Franchise companies to be integrated into the Consolidated Group in the upcoming 12 to 18 months
  • Board of Directors to be expanded to include a Chief Risk Officer (CRO) responsible for the areas of risk control, legal and compliance


Oct 2020

GRENKE provides an update on the status of Company-commissioned audits

  • Franchise acquisitions audited so far can be deemed as positive
  • Spot checks and proof of incoming lessee payments are used to validate lease contract portfolio 


Oct 2020

Current status: Proof of GRENKE Consolidated Group cash and cash equivalents

Baden-Baden, October 5, 2020: GRENKE AG, a global financing partner for small and medium-sized enterprises, announced today that the auditing company KPMG AG has submitted the status on the cash an...


Oct 2020

GRENKE strengthens new leasing business in Q3 2020 with stronger focus on profitability

  • New business at GRENKE Group Leasing totals EUR 517.6 million (-24.6% compared to Q3 2019), and at 75% of the previous year's level, new business slightly exceeds the Company’s own forecast 
  • Contribution margin 2 increases to 18.4% compared to 17.1% in Q3 2019


Oct 2020

Jens Rönnberg to become interim Deputy Chairman of the Supervisory Board of GRENKE AG

Baden-Baden, October 1, 2020: The Supervisory Board of GRENKE AG has elected Jens Rönnberg as interim Deputy Chairman of the Supervisory Board. Jens Rönnberg is a tax con-sultant and auditor and ha...


Sep 2020

GRENKE AG assures Bafin comprehensive cooperation in special audit

Baden-Baden, September 28, 2020: GRENKE AG, a global financing partner for small and medium-sized enterprises, welcomes the start of the special audit according to Section 44 of the Banking Act (KW...


Sep 2020

GRENKE AG mandates Warth & Klein Grant Thornton for an independent audit

Baden-Baden, September 24, 2020: GRENKE AG, a global financing partner for small and medium-sized enterprises, has mandated Warth & Klein Grant Thornton, one of the leading auditing companies in Ge...


Sep 2020

Grenke family reaffirms commitment to the Company

Baden-Baden, September 21, 2020: The Grenke family continues to pursue its investment in GRENKE AG and reaffirms its long-term commitment to the Company. The Grenke family, whose shares are pooled ...


Sep 2020

GRENKE AG commissions independent audit of franchise acquisitions and examines possible integration of the franchise model into the Group - Wolfgang Grenke suspends his Supervisory Board mandate and offers GRENKE AG to acquire CTP’s franchise shareholdings

Baden-Baden, September 21, 2020: GRENKE AG, a global financing partner for small and medium-sized enterprises, announces the next steps: An independent auditing company will be commissioned to exam...
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