EIB and ING sign Benelux loan facility for small and medium-sized enterprises

fr en de

The European Investment Bank (EIB) is making EUR 350 million available for investment by small and medium-sized enterprises in the Netherlands, Belgium and Luxembourg. For businesses in these countries the EIB’s involvement means that they benefit from a lower interest rate

<< Back
17/03/2017 |
  • ING

“It is very important for small businesses throughout Europe to have access to funds with which they can finance their investments and achieve growth," says Pim van Ballekom, EIB Vice-President responsible for lending operations in Belgium, the Netherlands and Luxembourg. “Despite the fact that the economy is picking up again, often, access to credit is still an obstacle for SMEs in the Benelux. By making loans available to SMEs, these businesses can benefit from our excellent credit position as the EU bank. In cooperation with banking partners such as ING, we pass our advantageous AAA rating on by providing more, cheaper and longer-term loans. This is one of the ways in which the EIB, in cooperation with the local banking sector, is offering SMEs a helping hand.”

With the financing supported by the EIB, individual firms’ investment costs can be covered for 100%, up to a maximum of EUR 12.5 million per project. As part of the agreement, ING will double the loan amount to SMEs, which brings the total credit injection for the sector to EUR 700 million.

“We are pleased that the European Investment Bank is once again offering us the opportunity to support our SME clients in this way”, says Koos Timmermans, who is responsible at ING for banking activities in the Benelux. “Together with previous credit contracts that we have entered into with the EIB, this brings the total amount available for SMEs in the Benelux to EUR 1.65 billion. Our clients are enthusiastic about this and are gratefully making use of the facility. Including this new round of financing, in total we will be helping more than 3,000 companies in the Benelux receive funding on more favourable terms.”

The new financing programme will be launched mid-March. 50% of this pan-Benelux facility will be available to Dutch companies in the form of loans and leases, while the remaining 50% is intended for Belgium and Luxembourg.

This new agreement marks the start of another round of financial support provided via ING to SMEs in the Netherlands, Belgium and Luxembourg after ING’s previous round of funding had already found its way to these businesses.

Back to top  | << Back

Communiqués liés

Express Shop ING
20/06/2017

ING News : Grâce à l’Express Shop installé le jour de l...

A l’occasion de la 12ème édition du ING Night Marathon Luxembourg, ING avait...

ING
ING Gare
15/06/2017

ING News : ING Luxembourg participe à la formation continue...

Comme toute entreprise, ING poursuit un objectif de rentabilité. Toutefois, ell...

ING
ING infographie Mobile
01/06/2017

ING News : 30% des résidents luxembourgeois se disent prêt...

Selon la dernière étude d’ING International Survey (IIS) sur le mobile banki...

ING
ING-Lux-House-inauguration
31/05/2017 Inauguration

ING News : Inauguration officielle d’ING Lux House, le nou...

Ce mardi 30 mai a eu lieu l’inauguration officielle d’ING Lux House, le nouv...

ING
Picture1

ING lance DIGICASH avec deux fonctionnalités nouvelles !

La banque franchit une nouvelle étape dans la digitalisation de son offre...

ING
mnha portugal
28/04/2017

ING News : ING sponsor de l’exposition “Portugal - Drawi...

ING Luxembourg est heureuse de parrainer la toute nouvelle exposition « Portug...

ING

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more