Netherlands: ING and EIB Group come to the aid of SMEs and Mid-Caps during COVID-19

The EIB Group, consisting of EIB and EIF, has issued a guarantee to senior and mezzanine tranches backed by loans originated by ING to support new lending to Dutch SMEs and Mid-Caps, helping to mitigate the impact of Covid-19. Through a €795 million securitisation structure - the largest synthetic securitisation ever transacted by EIB Group - between EIF and EIB, with support from the Investment Plan for Europe, ING committed to make available new lending to SMEs and Mid-Caps during these difficult economic conditions for an amount in excess of €1.1 billion. Under agreements between ING and the EIB Group, favourable lending conditions will apply on €702 million of this total amount.

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