ING BANK COVID19 ENHANCED SME AND MIDCAP SUPPORT

Promoter – Financial Intermediary

ING BANK NV

Location

• The Netherlands
• Belgium
• Luxembourg

Description

EIB guarantee instrument to support new lending to small and medium-sized enterprises (SMEs) and mid-caps in the Benelux countries (Belgium, the Netherlands, Luxembourg) with a focus on final beneficiaries affected by COVID-19.

Objectives

EIB guarantee instrument to support new lending to SMEs and mid-caps.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 340 million

Total cost (Approximate amount)

EUR 1347 million

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Signed - 8/12/2020