Banks’ support to businesses in the context of COVID-19 increases to 56.7 billion euros
Over the last month, bank credit provided to businesses has increased from 53.5 billion to 56.7 billion euros. Since the Corona crisis, Dutch banks have offered additional credits to more than 63,000 businesses. This is displayed in the sixth Corona Monitor of this year, published by the Dutch Banking Association (NVB).
Strict approach to Basel 4 implementation limits capacity for economic recovery
The strict application of the Basel 4 capital requirements, as proposed by the Dutch Ministry of Finance and Dutch Central Bank (DNB) earlier this week, would limit the capacity for economic recovery. Banks would be required to increase their buffers further while simultaneously meeting the societal expectation to finance the restarting of business activity in the Netherlands.
Interest rate benchmarks: what are the developments?
Due to market developments and European legislation, the financial sector - together with the supervisors - must work hard on reforming interest rate benchmarks, such as LIBOR, EURIBOR and EONIA. As a ...
Opening a business account in the Netherlands
Are you an entrepreneur from abroad, planning to start doing business in the Netherlands and becoming active here? Then you require a business (IBAN) account. Has the Netherlands Foreign Investment ...