MIL OSI – Source: European Investment Bank –
Headline: EIB-Darlehen von 250 Millionen Euro an ABN AMRO für niederländische Unternehmen
ABN AMRO is going to use EUR 250 million of funding from the European Investment Bank (EIB) to provide loans and leases to Dutch businesses. This is the fourth time that the EIB and ABN AMRO are teaming up to create opportunities for Dutch companies to borrow money at attractive interest rate conditions.
A total of EUR 600 million of EIB funding has been made available to Dutch businesses through ABN AMRO in the first three EIB tranches in recent years. Ruut Meijer, Managing Director of Commercial Clients: ‘Steady growth of the Dutch economy is creating new investment opportunities. This EIB facility offers an additional financing option at favourable conditions, further helping to improve the investment climate in the Netherlands and benefiting our clients.’
Pim van Ballekom, Vice President of the European Investment Bank: “Business investment is essential to create jobs, expand activity and ensure that business opportunities are not lost. The European Investment Bank is pleased to continue our successful cooperation with ABN to jointly support investment by companies across the Netherlands.”
EIB funding via ABN AMRO
The cheaper EIB funding can be used under certain conditions up to a maximum of EUR 12.5 million per investment project. This is in line with the bank’s financing policy. The only advantage of this EIB funding is that clients receive a discount on the regular interest rate. Details of the EIB loan and conditions are available at www.eib.org and www.abnamro.nl/financieren (in Dutch only). The European Investment Bank is the lending institution of the 28 member states of the European Union, including the Netherlands. One of the key elements of the EIB’s financing policy is to provide support to SMEs.