ECB discount for the entrepreneur
- Products and services
Ariën Bikker
Senior Press Officer Corporate Banking
Entrepreneurs who borrow money from ABN AMRO between November 1 and April 1 benefit from the discount that ABN AMRO has received on a loan from the European Central Bank (ECB).
Stimulus for the economy
Ruut Meijer, Commercial Clients Director: "We have borrowed the money to pass on the benefit to our customers quickly, in line with the ECB's objective. The price for credit may not be the biggest obstacle for companies at the moment. this ECB discount is a good incentive for investment and therefore for the economy. "
Lower financing costs
Any Dutch company that takes out a new loan with ABN AMRO, ABN AMRO Lease or ABN AMRO Commercial Finance from 1 November can claim a discount. Customers see the benefit reflected in lower financing costs during the first year of the loan through a discount on the closing costs.
TLTRO
The money that ABN AMRO has borrowed under the so-called "Targeted Long Term Refinancing Operations" (TLTRO) program of the ECB, results in an absolute amount of several million financing benefits for the bank. Entrepreneurs receive the discount until the ABN AMRO financing benefit is fully shared. It is expected that there will be sufficient room to give entrepreneurs a discount at least up to and including the first quarter of next year.