Banks’ support to businesses increases to 15.2 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 around 180,000 entrepreneurs and consumers. A total of 15.2 billion euros has been made available (an increase from 12.8 billion two weeks ago) through the postponement of repayments and the provision of additional credit to companies. The details are displayed in the factsheet published today by the Dutch Banking Association (NVB).


Over 21.000 businesses have received a larger credit, with a combined value of 12.2 billion euros. From these loans, almost 4300 have been provided with a government guarantee - many of those were made available through the Corona SME credit guarantee scheme (BMKB-C). Almost 1.2 billion euros has been made available through the different corona guarantee schemes. So far, almost 128,000 companies have received a postponement of loan repayments from their bank: totalling 3 billion euros. This number remains unchanged compared to two weeks ago.

Chris Buijink, President of the NVB: “The Dutch government and banks have helped companies that need support through the first phase. I am proud of that. At the same time, we realise that we are not there yet. Despite the government’s gradual relaxation of the corona measures, companies continue to face constraints in doing business and struggle financially. This particularly concerns the catering and hospitality industries. Also, the technology industry has indicated to expect problems in the upcoming six months.

Funding applications have been decreasing over the last weeks. Many companies have received financial breathing space through the government support measures and the postponement of loan repayments and tax payments. Companies are therefore less likely to take out a new loan at this moment. However, applications might increase again at a later point in the crisis. Since the operationalisation of the Small Credits for Corona Guarantee Scheme (KKC) last week, banks have granted a total of thirteen million euros in small credits to businesses.


So far, over 31,000 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 75 million euros. This figure remains unchanged compared to two 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.

Payment transactions

Even though consumers are increasingly shopping more in physical stores, the numbers of online transactions made by debit- and credit card remain high. In the last week, 30% more online payments were made compared to the same week in 2019.