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, something the banks themselves see as being an issue. The financial support given out by Dutch banks comes over and above the grants that already form part of the government's support package. We hear back that postponement of repayments on current loans comes in handy, also in the prelude to the one-and-a-half meter economy.” For the most part, Dutch banks are giving financial support to small businesses in the form of a deferral of repayment on existing business loans, usually for a six-month period.

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Significant increase in entrepreneurs with payment problems, says credit bureau
2 years, 4 months ago

Significant increase in entrepreneurs with payment problems, says credit bureau

NL Times  

The number of entrepreneurs with payments in arrears increased by 20 percent at the end of last year compared to a year earlier. It concerns entrepreneurs who are registered with Dutch credit bureau BKR with both a form of business credit and consumer credit. The number of entrepreneurs with both a business loan and consumer credit increased in one year …

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 …

Banks say they won't automatically bail out firms hit by new lockdown
4 years, 2 months ago

Banks say they won't automatically bail out firms hit by new lockdown

Dutch News  

Cafes and bars which end up in financial difficulty because of the new four-week shut-down cannot count on the financial support of their banks any longer, Chris Buijnink, chairman of the Dutch banking federation told broadcaster NOS. I feel for people, but this is the sensible way which we, as banks, help other companies.’ Early in the crisis banks agreed …

Few small businesses able to access government-backed Covid loans
4 years, 5 months ago

Few small businesses able to access government-backed Covid loans

NL Times  

Dutch banks provided few government-backed coronavirus loans to small businesses over the past month and a half, Financieele Dagblad reports based on figures from Dutch banking association NVB. SME interest organization MKB-Nederland told FD that banks don't offer the KKC scheme sufficiently. The banks themselves stressed to FD that the KKC scheme is available, though they would not provide figures …

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 …

111,000 businesses and 24,000 people helped by coronavirus financial programs
4 years, 8 months ago

111,000 businesses and 24,000 people helped by coronavirus financial programs

NL Times  

Over 111 thousand businesses and 24 thousand individuals have made use of their banks' offers to pause repayments, borrow more money, or get extra credit due to the coronavirus. Banks' measures to aid their clients now involve an amount of 7 billion euros, the Dutch banking association NVB said on Friday, NU.nl reports. Banks also gave some 8 thousand businesses …

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 …

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