ABN Amro to offer a credit facility to its commercial banking clients

Thursday 2 April 2020 14:25 CET | News

Amsterdam-based ABN Amro has announced that it will offer a credit facility to its commercial banking clients who have been affected by the COVID-19 outbreak.

ABN Amro said it will offer a credit facility with a principal and/or a limit of up to EUR 50 million. The bank said it will allow the payment of principal and interest to be postponed for a period of six months.

Business owners may also apply for government-backed loans, including under the small and medium-sized enterprise (SME) credit guarantee program.

Besides, ABN Amro’s management noted that if it is required, the institution will make special arrangements for its commercial banking customers with a credit facility of over EUR 50 million.

Recently, Tata Consultancy Services, a Mumbai-based information technology service and consulting company, extended its partnership with the ABN Amro in order to help the institution develop a new technology stack for expanding its digital services.

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Keywords: Netherlands, bank, ABN AMRO, credit, coronavirus, payments , loans, SMEs, Tata Consultancy Services, Mumbai, technology, digital banking
Categories: Banking & Fintech
Countries: Netherlands
This article is part of category

Banking & Fintech