Banks’ support to businesses increases to 17 billion euros in reaction to corona crisis

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 almost 152,000 entrepreneurs and 32,000 consumers. A total of 17 billion euros has been made available (an increase from 15.2 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 June 26 by the Dutch Banking Association (NVB).


Over 24,000 businesses have received a larger credit, with a combined value of 14 billion euros. From these loans, almost 4800 have been provided with a government guarantee - many of those were made available through the Corona SME credit guarantee scheme (BMKB-C). Almost 1.3 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 in the last month.

Chris Buijink, President of the NVB: “While the Dutch society is gradually opening up again, the economy is still in turmoil. We know that certain sectors are expecting problems. Just as the government, we are not able to help everyone. We continue to focus on supporting companies which were viable before the crisis and which have a positive outlook for the future.”

Funding applications have been decreasing for some time. 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 new loans at this moment. However, applications might increase again at a later point in the crisis.


So far, over 32,000 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 76 million euros. This figure remains largely unchanged over the past month. 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

The turnover from transactions made with debit card are back to the same level as before the corona crisis, with a turnover of more than 2.7 billion euros per week. The turnover from cash payments in store is estimated to be about 30% lower than before the lockdown. However, the share of cash payments in stores is relatively small.