Appendix to the Management Report
As an employer bound by collective wage agreements, NRW.BANK is obliged, under Section 22 of the German Equal Pay Act (Entgelttransparenzgesetz), to publish a report on equal treatment and equal pay every five years. The first report was published as part of the 2017 Financial Report. In accordance with the law, the next report will be published as part of the Financial Report for 2022.
NRW economy facing the worst recession in history
(05.05.2020) The downturn in the North Rhine-Westphalian economy accelerated further in April. In the wake of the coronavirus crisis, the NRW.BANK.ifo Business Climate again declined in April, hitting a new all-time low. It is not only the current business situation which continued to deteriorate; never before have companies been so pessimistic about the coming months.