The plan includes as much as CHF 580 million in emergency bank loans to SMEs, which employ a majority of the labour force/Bloomberg
by BloombergCredit Suisse Group is considering a plan to create a CHF 20 billion ($21 billion) loan programme to aid small and medium-sized Swiss businesses affected by the coronavirus.
Other large lenders—like Raiffeisen Bank International and Zuercher Kantonalbank—are also considering the proposal, which was initiated by Thomas Gottstein, Credit Suisse’s new Chief Executive.
The plan includes as much as CHF 580 million in emergency bank loans to SMEs, which employ a majority of the labour force.
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