European Central Bank

Ralph Hamers, ING
Sep 24 '18 13:11

The European Central Bank is concerned about Dutch bank ING's ability to handle a hard Brexit, according to a report in FD. Sources told the financial newspaper that ING is being pressured to at least partially roll-back a 2016 decision to move dozens of trading desk staffers to their large office in London.

The new concern is that ING will lose access to some financial markets if Brexit continues to progress.

houe for sale/sold sign
Oct 10 '17 12:50

The interest rate in the Netherlands for a mortgage with a fixed term period of 30 years dropped below the 3 percent mark for the first time, the Hypotheekshop announced on Tuesday. On average, the interest rate for a 30 years fixed interest mortgage is now 2.99 percent, the Telegraaf reports.

That means that the average 30-year rate is now at the same level as the 5-year rate was in 2014, and as the 10 to 20-year rate was in 2015.

ABN Amro
May 16 '17 13:15

Delta Lloyd's CFO Clifford Abrahams is moving ot ABN Amro. From September he is taking over as ABN Amro's CFO from Alexander Rahusen, who filled the position on an interim basis, the Telegraaf reports.

Before joining Delta Lloyd, Abrahams worked for insurer and asset manager Aviva and business bank Morgan Stanley. ABN Amro praises him for his "strong service" and "extensive experience" in his previous high positions in the financial sector. Abrahams will continue to work on the commpletion of Delta Lloyd's merger with NN Group until he steps over to ABN Amro. 

Mario Draghi
May 10 '17 10:22

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. 

800px-Oficina_Triodos_Bank_A_Coruña_Galiza_Spain_wGL
Mar 22 '17 08:51

Triodos bank is the first Dutch bank to drop its interest rate to 0.0 percent. From April Triodos customers will no longer get any interest on their regular internet savings account, NOS reports. Triodos already had the lowest interest rate of all Dutch banks. In October the bank lowered its interest rate to 0.1 percent. 

Jan 5 '17 09:11

Inflation in the Netherlands increased from 0.6 percent to 1.0 percent in December, according to Statistics Netherlands on Thursday. But despite this increase, the Dutch inflation over 2016 was at its lowest level in nearly 30 years. Over 2016 inflation in the Netherlands increased only 0.3 percent. The last time inflation was so limited was in 1987, according to the statistics office.

European Union
Oct 20 '16 08:02

Two thirds of Dutch voters are in favor of the European Union, according to a study by TNS Nipo published on Thursday. The same percentage feel they don't know enough about the EU

800px-Oficina_Triodos_Bank_A_Coruña_Galiza_Spain_wGL
Oct 4 '16 08:23

Triodos Bank halved the savings interests for its normal internet savings account from 0.2 percent to 0.1 percent. And with that the Netherlands is one step closer to a negative savings interest rate

Amsterdam_Zuidoost_ING-Bank_02_PM07
Aug 31 '16 09:51

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
Jul 22 '16 08:50

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

May 30 '16 16:20

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

800px-DeNederlandscheBank
May 20 '16 10:08

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

Apr 27 '16 16:25

The Netherlands is the fifth most expensive country in Europe to take out a mortgage with loan costs of 2.75 percent. For business loans, however, the Netherlands is the cheapest with loan costs of only 1.5 percent, according to figures released by the European Central Bank

Apr 26 '16 11:25

There is a risk of a new financial bubble due to the low interest rates, the Dutch association of investment companies NVP warns.

Gerrit Zalm
Apr 8 '16 10:21

If the European Central Bank decides to cut interest rates in the eurozone further, negative savings account interest rates are a definite possibility, ABN Amro CEO Gerrit Zalm warned on Thursday

Feb 25 '16 09:41

For the first time in history 10-year-fixed-mortgage interest rates fell below 2 percent at a number of providers, according to figures from De Hypotheekshop. Home buyers could not wish to be luckier than with this unprecedented low mortgage rate, which is expected to fuel the housing boom

Jul 10 '15 13:03

Jeroen Dijsselbloem, Dutch Finance Minister and Eurogroup chairman, calls the new austerity proposals the Greek government handed in on Thursday "a comprehensive piece of text" that has to be closely examined to determine its quality

CIBpT4_UwAAp-W_
Jun 22 '15 09:23

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.

Rabobank
May 14 '15 14:35

Major banks in the Netherlands are raising their mortgage rates for the first time after several years of contraction.

Euro
Mar 10 '15 16:14

The key Dutch interest rate dropped with the ECB initiating quantitative easing. The rate on Dutch obligations drops to 0.32 percent from 0.35% as of yesterday.

Feb 12 '15 10:57

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.

800px-DeNederlandscheBank
Jan 26 '15 10:42

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.

Dec 31 '14 14:29

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.

1280px-Bank_building_Dronten
Nov 14 '14 09:37

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.

Pages

Subscribe to