ABN AMRO will be automatically deferring payments of interest and principal for six months for 55,000 commercial banking clients with a credit facility of up to €2.5 million, meaning interest and principal payments due in April through September will not be collected. The deferral will be available where possible to commercial banking clients with a credit facility exceeding €2.5 million.
“In these turbulent times, our primary concern is public health. ABN AMRO has also taken measures to minimise the risk of infection for employees and clients. As a bank, we also play an important role in the economy,” Kees van Dijkhuizen, CEO of ABN AMRO, said. “The coronavirus will inevitably lead to a difficult period for our clients — businesses, self-employed people and retail clients. Where possible, we want to offer fast support. This will give these clients extra scope now and the chance later to get back on their feet quickly.”
In principle, all clients served by commercial banking and who have a credit facility of up to €2.5 million are automatically eligible for deferred payment, with the exception of a number of specific types of financing, such as commercial finance.
