The interest rate for a ten-year mortgage with national mortgage guarantee NHG has fallen below 1 percent for the first time. Investment bank NIBC now offers such a mortgage, called Lot Hypotheken, with an interest rate of 0.99 percent. Until now, the lowest interest rate for a 10-year mortgage with guarantee was 1.04 percent, AD reports.
Since 2010 Dutch banks and insurers provided around 7.9 billion euros in financing to large shale gas and plastic companies, according to research by the Fair Banking and Insurance Guide. ING was the largest Dutch financier for these companies, investing 3.5 billion euros into them, NU.nl reports.
Hague business bank NIBC offered its three top executives each a bonus of over a million euros if they stay at the bank for four years after it's IPO. The bonus is intended to guarantee the stability and continuity of the bank. Union FNV is furious, NOS reports.