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ING BANK NV LOAN FOR SMES II

Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Luxembourg : € 10,000,000
Belgium : € 90,000,000
The Netherlands : € 100,000,000
Credit lines : € 200,000,000
Signature date(s)
28/10/2010 : € 10,000,000
28/10/2010 : € 90,000,000
28/10/2010 : € 100,000,000
Link to source
Data sheet
ING BANK NV LOAN FOR SMES II
Other links
Summary sheet
ING Bank NV Loan for SMEs II

Summary sheet

Release date
5 August 2010
Status
Reference
Signed | 28/10/2010
20090049
Project name
Promoter - financial intermediary
ING Bank NV Loan for SMEs II

ING Luxembourg SA
ING Belgium SA/NV
ING Bank NV
ING Lease

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
Not applicable
Location
Sector(s)
Description
Objectives

Financing of Independent SMEs in the Netherlands, Belgium and Luxembourg.

The operation supports investment by SMEs, one of the priority objectives of the Bank, by improving access to term finance at favourable conditions.

Environmental aspects
Procurement

In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields of environment, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.

In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields public procurement, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.

Link to source
Summary sheet
ING Bank NV Loan for SMEs II
Other links
Data sheet
ING BANK NV LOAN FOR SMES II

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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