The European Investment Bank (EIB), together with ING, has made a total of 400 million euros in credit available for small and medium-sized enterprises (SMEs) in the Benelux. The loans are intended for companies that want to invest in sustainability, for example in solar or wind energy, making real estate energy efficient and arranging electric transport.
Part of the credit agreement is that the EIB is lending 200 million euros to ING at a favorable rate. The bank will pass this benefit on to its customers and double the available amount, bringing the total to 400 million euros.
“There are still many steps to be taken to achieve the goals of the Paris Climate Agreement and the resulting climate agreement for the Netherlands. With this credit facility, we want to motivate and reward our customers to accelerate their sustainability agenda,” says Annemein Kolk, Director of Major Business at ING Netherlands.
The EIB, an institution of the European Union, supports companies throughout Europe in cooperation with local banks. Companies also benefit from a lower interest rate.