The European Investment Bank (EIB) announced on Tuesday, July 18, that it has joined hands with ING to support their long-term partnership, announcing the availability of over €600M in new loans and leases for SMEs in the Netherlands, Belgium, and Luxembourg.
This significant funding initiative will boost sustainable investments and drive positive climate and environmental impacts within the region.
In the eighth collaborative transaction since 2009, the EIB is providing a loan of €300M to ING, with the bank matching that amount to deliver a total of €600M in new loans and leases to entrepreneurs aiming for sustainable investments.
This move by the EIB allows ING to offer loans and leases at reduced interest rates, encouraging businesses to prioritise sustainability in their operations and investments.