Banks’ support to businesses in times of corona increases to 44.3 billion euros

Dutch banks continue to support businesses during the corona crisis. Since the Corona crisis, Dutch banks have offered additional credits to almost 52,000 businesses, with a combined value of 44.3 billion euros. This is displayed in the third Corona Monitor of this year, published by the Dutch Banking Association (NVB).


More than 60% of the regular financing consists of loans under 250,000 euros. From the total amount of 44.3 billion euros, 3.1 billion euros have been provided with a guarantee by the government, such as the Corona SME credit guarantee scheme (BMKB-C), the finance guarantee (GO-C), the Credit Guarantee Scheme for Agriculture and the Small Credits for Corona guarantee scheme (KKC). More than 8200 companies have received a loan with a government guarantee.

Chris Buijink, President of the NVB: “Since the start of the crisis, banks have been firmly supporting businesses, and they will continue to do so in the next phase. Banks can only grant credits or postponements of payments to companies that are healthy at the core and capable of recovering after the crisis. Of course, companies in the hospitality and retail sectors are under severe pressure due to the corona restrictions. We need to anticipate a longer recovery period in the affected sectors, possibly even until 2022. Clubs, large events, hotels and tourist sites may continue to be constrained by the corona measures. Using the support package by the government is therefore essential."

“Banks want to stand with their customers, not merely by providing financing, but also by referring them to the designated corona facilities and advising them. Sometimes banks will have to refuse financing when extra debt cannot be justified. Financing non-viable businesses would be detrimental to banks’ ability to help healthier businesses for investments needed to get out of the crisis”.

129,000 companies received a postponement of loan repayments from their bank, totalling 3.1 billion euros. This concerns the general payment break which was initiated by banks shortly after the start of the corona crisis early last year. In total, 47.4 billion euros has been made available for 181,000 entrepreneurs through the postponement of repayments and the provision of additional credit to companies.

Since the start of the corona crisis, almost 26,000 consumers received a pause for their mortgage payment and 12,000 for a personal loan. In most cases this concerns a payment break of one to three months. Some of those consumers have received an extension of the payment break. In total, a combined value of 88 million euro has been made available for consumers.

Corona Monitor english 2 April 2021

(please click to enlarge; pdf)

For previous Corona Monitors please 
visit this page