The European Investment Bank Group, a European Union bank, and ABN AMRO, a Dutch bank headquartered in Amsterdam, have signed a synthetic securitisation agreement that will enable €1.2B in new lending for businesses in the Netherlands.
ABN AMRO has entered a risk-sharing agreement with the EIB Group, which comprises the European Investment Bank (EIB) and the European Investment Fund (EIF). A portion of the funds will be directed toward small and medium-sized enterprises and projects focused on environmental sustainability.
This deal continues the collaboration between the two institutions to improve access to financing for Dutch companies.
Dan Dorner, Chief Commercial Officer of Corporate Banking at ABN AMRO, says, “We have a strategic goal to support SMEs and Mid-Caps. We are therefore delighted once again to be in a position to offer EIB financing to our clients.”
“ABN AMRO and the EIB have partnered for several years to provide financing to Dutch companies. The EIB offers favourable conditions for our clients. This transaction will support the economic growth of our clients and their transition to climate neutrality and boost the SME loans in the Dutch market.”
ABN AMRO is a Dutch bank that offers retail, corporate, and private banking services with a focus on Northwest Europe. The bank serves over 5 million clients and employs more than 19,000 people.
Financing structure
The European Investment Bank and European Investment Fund aim to improve capital access for SMEs and mid-caps in Europe and beyond, supporting job creation and economic development.
The deal allows ABN AMRO to free up capital for new lending to Dutch SMEs and Mid-Caps, with at least 30 per cent of the funds allocated to climate action and environmental sustainability projects.
In the transaction, the EIF provides protection on a €150M mezzanine tranche and an €835M senior tranche, with part of the EIF’s exposure counter-guaranteed by the EIB.
ABN AMRO retains the junior tranche. The structure includes synthetic excess spread, a three-year revolving period, and pro-rata amortisation of the senior and mezzanine tranches, subject to performance triggers.
Robert de Groot, EIB Group’s Vice President, says, “We are proud to close this landmark deal, which is the largest securitisation transaction in EIB Group history. It is also our first collaboration of this kind with ABN AMRO, leveraging on the strong relationship between both banks. This partnership will significantly enhance the availability of financing for SMEs and Mid-Caps in the Netherlands, driving economic growth and job creation.”
EIB: Everything you need to know
The EIB, owned by EU Member States, is a long-term lending institution that provides financing for investments supporting EU policy goals and national priorities. The Netherlands holds a 5.2 per cent stake in the EIB, which operates predominantly in Europe, with over 90 per cent of its activity focused there.
In the past decade, the EIB has allocated over €27B to Dutch projects across various sectors. In 2024, the EIB Group, including its subsidiary the EIF, made more than €3B available for Dutch projects.
The EIF helps Europe’s micro, small, and medium-sized enterprises by offering equity, loans, and guarantees through a network of financial intermediaries. Established in 1994, the EIF operates in all EU countries, prospective member countries, Liechtenstein, and Norway.
The EIB is its majority shareholder, along with other shareholders, including the European Commission and various European financial institutions.
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