Banks to help struggling clients through Covid-19 crisis; banks "part of solution"
4 years, 9 months ago

Banks to help struggling clients through Covid-19 crisis; banks "part of solution"

NL Times  

Banks in the Netherlands are looking for ways to help their customers through the coronavirus crisis. ABN Amro, ING, Rabobank, and Triodos together decided to give smaller companies with financing up to 2.5 million euros deferral of payment, if they need it and are financially healthy at their core. Dutch banks are in a good enough position that they can accommodate customers during the coronavirus, even if this crisis continues for three to six months, ABN Amro CEO Kees van Dijkhuizen said to NOS. There is no joint measure for these customers, but they can contact their bank to help them look for a "suitable solution", NVB said. The ABN Amro CEO is also pleased with the new plan the European Central Bank announced to counter the economic consequences of the coronavirus.

Help Banks Ing Van Dijkhuizen  banks  dijkhuizen  amro  help  covid19  abn  customers  crisis  van  clients  solution  struggling  coronavirus

History of this topic

Dutch economy recovering from Covid crisis faster expected: Rabobank
3 years, 7 months ago

Dutch economy recovering from Covid crisis faster expected: Rabobank

NL Times  

The Dutch economy is recovering from the coronavirus crisis faster than previously thought, Rabobank economists believe. The bank now predicts that the economy will grow by 3.8 percent this year, up from its previous expectation of 2.3 percent growth for 2021, ANP reports. In addition, the Dutch economy turned out to be more resilient than previously thought, the bank stated. …

Dutch gov't needs to keep Covid support for businesses going: Banks
3 years, 9 months ago

Dutch gov't needs to keep Covid support for businesses going: Banks

NL Times  

Businesses are still taking out loans and applying for payment pauses from banks to get through the coronavirus pandemic. "Continuing the government support package is therefore essential," Chris Buijink of the Dutch association of banks NVM said in a statement. Since the start of the crisis, about 52 thousand companies received loans from Dutch banks, totaling in around 44.3 billion …

Covid won't snap the Dutch pull on the international community: Rabobank
4 years, 2 months ago

Covid won't snap the Dutch pull on the international community: Rabobank

Dutch News  

The Netherlands has an enormous pull on expats, who come here to study or work. ‘In recent years a lot of internationals have come to the Netherlands, especially to Amsterdam,’ he says. ‘Some come here to live here for work, but there are also a lot of expats who study or do work experience in Dutch companies and then decide …

Banks provided €15 billion in coronavirus support to 180,000 customers
4 years, 6 months ago

Banks provided €15 billion in coronavirus support to 180,000 customers

NL Times  

Since the outbreak of the coronavirus crisis in the Netherlands, Dutch banks offered financial support to 180 thousand businesses and consumers in the form of loans or postponed repayments. This involved an amount of over 15.2 billion euros, the Dutch association of banks NVB announced on Friday, NOS reports. In mid-April, banks had offered 11 billion euros in support to …

Coronavirus could cause a new euro crisis: Dutch Planning Office
4 years, 7 months ago

Coronavirus could cause a new euro crisis: Dutch Planning Office

NL Times  

The coronavirus crisis could lead to a new euro crisis, the Netherlands office for economic policy analysis CPB said after analyzing the vulnerabilities of the financial system. Despite coronavirus support measures implemented by the government, businesses and households are facing increasing financial difficulties. It showed that a quarter of small and medium sized businesses need more money than support measures …

Banks help over 100,000 small businesses, but 75% in trouble anyway
4 years, 8 months ago

Banks help over 100,000 small businesses, but 75% in trouble anyway

NL Times  

Dutch banks have given financial support to some 105,000 entrepreneurs and 17,000 consumers since the outbreak of Covid-19 began in the Netherlands, the Dutch Banking Association announced on Thursday. The banks hope to resolve at least one hurdle for many small businesses by processing more financial assistance applications faster than they have since the government measures were revealed last month, …

Coronavirus to put Dutch economy in recession: Rabobank
4 years, 9 months ago

Coronavirus to put Dutch economy in recession: Rabobank

NL Times  

The Covid-19 crisis will result in the Dutch economy shrinking by 0.2 percent this year, according to economists from Rabobank. "The crisis is affecting almost all sectors, but the biggest blows are in the construction, agriculture, hospitality, and transport sectors," the economists said. Although the business community is happy with the government's measures to prevent mass redundancies, they fear the …

Coronavirus news in brief: a round up of other stories
4 years, 9 months ago

Coronavirus news in brief: a round up of other stories

Dutch News  

A round up of other news about the impact of coronavirus on the Netherlands, and initiatives to alleviate problems. Bank loans Dutch banks have agreed to give small firms with loans of up to €2.5m a six months moratorium on paying back their debts. People facing trouble paying their mortgages can also approach the banks for a ‘suitable solution’ although …

Coronavirus news in brief: a round up of other stories
4 years, 9 months ago

Coronavirus news in brief: a round up of other stories

Dutch News  

A round up of other news about the impact of coronavirus on the Netherlands, and initiatives to alleviate problems. Bank loans Dutch banks have agreed to give small firms with loans of up to €2.5m a six months moratorium on paying back their debts. People facing trouble paying their mortgages can also approach the banks for a ‘suitable solution’ although …

Coronavirus could cause recession in Netherlands, central bank director says
4 years, 9 months ago

Coronavirus could cause recession in Netherlands, central bank director says

NL Times  

Klaas Knot, director of Dutch central bank DNB, does not rule out the possibility that the coronavirus pandemic will bring the Dutch economy into a recession. "You don't need a very serious corona scenario, on top of what we expect now, for our economy to also come close to a recession," he said to Nieuwsuur after a meeting at the …

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