ING customers are furious by the prospect of their bank maybe charging negative interest on their savings accounts. CEO Ralph Hamers mentioned this as an option to cushion the blow should the European Central Bank decide to cut interest rates again, RTL Z reports.
On Wednesday afternoon European Central Bank president Mario Draghi is visiting the Tweede Kamer, the lower house of Dutch parliament. He can expect to be met with hostility and demands for the ECB to stop pushing billions of euros into the European economy in an effort to boost growth, NU.nl reports after speaking with numerous parliamentarians.
Dutch bank ING is lowering its interest on freely available savings accounts to 0.3 percent. And with that all three large Dutch banks are closer to a 0 percent interest rates on savings accounts than 1 percent
ABN Amro business clients may soon feel the effects of the European Central Bank's low interest rates. From October 1st, the Dutch bank is adjusting its conditions to state that the bank can give negative interest rates to account holders with a business checking or -savings account
The European Central Bank's "abnormal measures" policy of keeping interest rates low and buying up debt is no longer having effect because these measures are now considered normal, the Central Planning Bureau concludes in its annual report on important economic developments and financial risks for the Dutch economy
Dutch central bank DNB is deeply concerned about the "profound consequences" the superlow interest rates will have on the entire financial sector, director of Supervision at DNB Jan Sijbrand said on Thursday
Hundreds of protesters gathered on Dam Square in Amsterdam on Sunday to express their solidarity with Greece. The European Union will hold an emergency summit on the so-called Grexit on Monday. Greece submitted a final proposal, which Jean-Claude Juncker, chairman of the European Commission, called a "good basis" for the summit, NRC reports.
The Dutch economy is expected to grow by 1.6 percent and 1.7 percent in 2015 and 2016, respectively, the European Commission revealed on Tuesday. This growth estimate is below the predicted Euro Area and European Union averages and also below the Dutch forecasts presented earlier by ING.
Inflation in the Netherlands decreased to the lowest level in 27 years in January, with the average price increase coming out at exactly 0 percent. The average interest rate also decreased to 0.5 percent in January (0.8 percent in December 2014), the lowest since the start of De Nederlandsche Bank's (DNB) time series in mid 1986.
Klaas Knot, President of the Dutch Central Bank (DNB), confirmed on Sunday that he voted against the exceptional support measures of the European Central Bank (ECB). He said this in the television program Buitenhof.
Rating agency Fitch reaffirmed the Netherlands AAA rating on Friday on signs the country’s economy is recovering. The agency predicts GDP growth of 1.2 percent for 2015.
Klaas Knot, president of De Nederlandsche Bank (DNB), is against European Central Bank (ECB) president Mario Draghi's plans to turn on the money printing press. He also thinks that the Netherlands should further reduce mortgage tax credit.
Up until 2018 ABN Amro will be srapping between 650 and 1,000 jobs. The bank wants to further concentrate and improve the branch network by expanding the offerings of each office.
As promised earlier this week, ING today made the final repayment of 1,025 billion euro of State Support.
ING announced today that they will repay the remaining 1.025 billion euro in State support on Friday.
According to Statistics Netherlands, the interest rate in the Netherlands is at its lowest since the beginning of the time series of De Nederlandsche Bank (DNB) mid 1986.
On Sunday, following the results of the banking examination of the European Central Bank (ECB), ING announced that they will pay off their state aid this year still.
Small and medium businesses that apply for a loan at ABN Amro in the coming months, will receive the so-called "ECB discount", the bank announced in a press release on Tuesday.
On Thursday Jeroen Dijsselbloem (President of the Eurogroup and Minister of Finance) dismissed the people criticizing the European Central Banks' efforts to fight a stall in the eurozone's economy.
The European Central Bank (ECB) will bring the new 10 Euros banknote into circulation on Tuesday.
Eurogroup chairman Jeroen Dijsselbloem says that European countries and certain euro countries. should do more to improve the economy in Europe. The keyword here is structural reforms.
Economists from the Financieele Dagblad warn that preventative measures need to be taken to avoid a possible third recession. After the credit crisis and the debt crisis, there is a fear that The Netherlands could be headed for a triple-dip recession, the Algemeen Dagblad reports.