On 25 May 2022, DNB announced an increase in the countercyclical capital buffer (CCyB) to 1%. DNB now confirms its decision to continue the build-up of the CCyB to 1%. Accordingly, banks with loans outstanding in the Netherlands must to comply with this requirement by 25 May 2023.Read more
Q&A on definition of promotional lender
What is the definition of promotional lender?
According to Article 10(1e ii) of the Delegated Act of 10.10.2014 to supplement Regulation (EU) 575/2013, a promotional lender for the purpose of this article is defined as any credit institution whose purpose is to advance the public policy objectives of the Union or of the central or regional government or local authority in a Member State predominantly through the provision of promotional loans on a non-competitive, not for profit basis, provided that at least 90% of the loans that it grants are directly or indirectly guaranteed by the central or regional government or local authority and that any exposure to that regional government or local authority, as applicable, is treated as an exposure to the central government of the Member State in accordance with Article 115(2) of Regulation (EU) No 575/2013. Examples of promotional lenders in the Netherlands are N.V. Bank Nederlandse Gemeenten (BNG Bank) and Nederlandse Waterschapsbank N.V. (NWB Bank).