ABN AMRO preparing SME clients for SBR

Press release -

People working with several devices at a desk

As per 1 January 2017, the standard method for ABN AMRO’s Dutch SME clients to communicate their financial data to the bank will be the digital SBR (Standaard Bedrijfsrapportages) method used by the Dutch tax authorities. ABN AMRO is encouraging entrepreneurs to start using SBR in 2016.

In the Netherlands, digitally delivering data is the standard at the Chamber of Commerce, fiscal authorities and most major banks. To learn more about SBR, click here.

Efficiency

SBR is steadily gaining ground. ABN AMRO Director Products & Business Development Berend Dinkla explains: “Entrepreneurs, intermediaries and banks can benefit from the added efficiency of SBR. Many entrepreneurs save time on paperwork, and data can be validated and processed more quickly. Using the system also speeds up credit applications for amounts up to 1 million euros. If the application is done with SBR, ABN AMRO can provide an indication of the request's feasibility within three days.” Read more about using SBR to apply for loans of up to 1 million euros (Online Credit Indication) on the website (Dutch).

Informing clients

Entrepreneurs and accountants will have the choice to stick to the method they currently use to deliver their data. Due to the extra manual processing needed for non-SBR data, however, as of 1 January 2-17 ABN AMRO will start charging €250 in handling costs for entrepreneurs who supply their data using another method than SBR. Delivering data using SBR will be free. Clients will be notified early in 2016.

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