The Netherlands

Adoption date

Type of measure

Beneficiaries' sector specification

Description of measure

12/03/2020

Tax deferrals

Non-financial corporations

Deferral of tax payment

16/03/2020

Public guarantees

Non-financial corporations

Increase of a guarantee facility for SME loans

16/03/2020

Public guarantees

Non-financial corporations

Expanded government guarantee on bank loans and bank guarantees.

17/03/2020

Direct grants

All sectors

Liquidity support for small firms and start-ups

17/03/2020

Public guarantees

Non-financial corporations

Liquidity support for agricultural and horticultural SMEs

17/03/2020

Direct grants

All sectors

Provide temporary relieve to firms by paying wages in order to prevent unemployment

19/03/2020

Private moratoria

Non-financial corporations

Temporary payment relief for smaller companies

27/03/2020

Private moratoria

Non-financial corporations

Temporary payment relief for larger companies

29/05/2020

Public support for trade credit insurance

Insurance sector

Guarantee for credit insurance.

07/05/2020

Public guarantees

Non-financial corporations

Guarantee facility for small credits to SMEs.

17/03/2020

Direct grants

All sectors

Provide financial relief for households and liquidity support for entrepeneurs.

27/03/2020

Direct grants

All sectors

Provide temporary relief for firms to pay fixed costs.

22/06/2020

Direct grants

All sectors

Provide financial relief for households

30/06/2020

Direct grants

All sectors

Provide temporary relief for firms to pay fixed costs.

N/A

Private moratoria

N/A

N/A

N/A

Public guarantees

N/A

N/A

17/04/2020

Direct grants

Non-financial corporations

Provide temporary relief for firms to pay fixed costs.

17/06/2021

Other measures of fiscal nature

Non-financial corporations

Partial restitution of cost incurred due to a cancellation of festivals/events due to unforeseen government restrictions related to COVID-19

17/03/2020

Public loans

All sectors

Provide financial relief for households and liquidity support for entrepeneurs.

17/03/2020

Other measure

Banking sector

Relief of capital requirements for SIs and LSIs.

17/03/2020

SyRB

Banking sector

DNB has decided to decrease the 3% SyRB for ING, Rabobank and ABN AMRO to: ING (2,5%), Rabo (2%) and ABN (1,5%).

17/03/2020

O-SII

Banking sector

DNB has decided to decrease the 2% O-SII buffer of ABN AMRO to 1,5%.

02/04/2020

Dividend distribution policy

Insurance sector

Call on insurers to temporarily postpone dividend payments and share buybacks

20/03/2020

Other measure

Banking sector

Relief of capital requirements for LSIs.

20/03/2020

Other measure

Banking sector

Relief of capital requirements for LSIs.

25/03/2020

Reporting requirements

Insurance sector

Extension of deadline for supervisory reporting and public disclosure

26/03/2020

Reporting requirements

Pension funds

DNB allows pension funds three months extra to file annual statements.

26/03/2020

Reporting requirements

Pension funds

DNB decided to grant pension funds (on individual basis) an extension from the submission of monthly and quarterly reports if the pension fund is able to show it is not able to meet the inital deadline due to results of Corona developments.

N/A

Other measure

Banking sector

All SSM related measures applicable to SIs, will be extended by DNB to Less Significant Institutions (LSIs).

16/03/2020

Other measure

Securities and markets

Short sell notification

30/03/2020

Other measure

Pension funds

DNB decided to publish the interest rate structure on a weekly instead of monthly basis

06/07/2020

Dividend distribution policy

Insurance sector

DNB supports the recent ESRB recommendation that financial institutions (including insurers) should refrain from distributing dividends or buying back shares until at least the end of this year, in order to better withstand the potentially severe economic shock caused by the coronavirus crisis. It is necessary that financial institutions hold sufficient capital to mitigate potential systemic risk. Insurers who, despite the ESRB's call, are still considering distributing dividends or buying back shares will in any case need to make a thorough, forward-looking analysis in the light of the coronavirus crisis and, for example, the sustained low-interest rate environment.