Banks’ corona crisis support to businesses increases to 23.7 billion euros

Since the Corona crisis outbreak in March, the Dutch banks have, in addition to the support package by the government, offered temporary financial relief to 161,000 entrepreneurs. A total of 23.7 billion euros has been made available (an increase from 22 billion four weeks ago) through the postponement of repayments and the provision of additional credit to companies. The details are displayed in the factsheet published by the Dutch Banking Association (NVB) today.


Over 32,000 businesses have received a larger credit, with a combined value of 20.7 billion euros. Over 5800 loans have been provided with a government guarantee - many of those were made available through the Corona SME credit guarantee scheme (BMKB-C). Altogether, 1.6 billion euros has been made available through the different corona guarantee schemes. So far, 129,000 companies have received a postponement of loan repayments from their bank: totalling 3 billion euros.

Chris Buijink, President of the NVB: “It is a positive sign that lending continues to grow gradually despite the impact of the corona crisis. This indicates that businesses that needed financing were able to receive it from their bank. Looking at the total amount of outstanding credit, the numbers remained largely stable during the corona crisis and they are comparable to last year’s numbers. This stable trend is notable for a crisis period, given that businesses are less inclined to make new investments during a crisis. A special feature about this crisis was that companies continued to have their existing costs, while the turnover decreased. In classic textbook crises, banks take a step back, while in this crisis, they had to provide extra support – and they did.”

“Banks stand ready to support businesses with (emergency) loans In case circumstances would become more difficult this autumn. Of course, this applies to companies which are healthy at the core and which can repay the loan at a later period in time”, says Buijink.


So far, almost 34,000 consumers received a pause for their mortgage payment or personal loan. In most cases this concerns a payment break of one to three months. This totals a combined value of 80 million euros – an increase from 77 billion since the last update from four weeks ago. A payment break is not the only means by which banks offer private customers leniency. Other possibilities are making adaptions to the product or arrangement on the payment schedule. Banks will each time take the individual situation into account.

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