ABN AMRO Groenbank Marks Five Years of Supporting Sustainable Business with Green Savings and Loans

ABN AMRO Groenbank Marks Five Years of Supporting Sustainable Business with Green Savings and Loans

(IN BRIEF) ABN AMRO Groenbank is celebrating its fifth anniversary in providing Green Savings Deposits and Green Loans. Launched in 2018, ABN AMRO Groenbank uses client savings from its Green Savings Deposit to help entrepreneurs transition to more sustainable business models. The Green Loan and Green Lease options allow entrepreneurs to invest in sustainability at lower interest rates. The bank also assists in obtaining a Green Certificate and provides advisory services. Green savings from individuals and investors are pooled in the Green Savings Deposit, generating both a financial return and a social return for society.

(PRESS RELEASE) AMSTERDAM, 11-Oct-2023 — /EuropaWire/ — ABN AMRO launched ABN AMRO Groenbank in 2018. Using client savings from its Green Savings Deposit, Groenbank helps entrepreneurs transition to more sustainable business models. Its Green Loan and Green Lease enable entrepreneurs to invest in making their operations more sustainable and future-proof – and at a lower interest rate. In addition to the interest rate discount, the bank makes life easier for these business owners by applying for a Green Certificate on their behalf and providing advisory services.

Krista Overwater, manager of ABN AMRO Groenbank, has been with Groenbank from day one. She says, “Groenbank plays a pioneering role that looks to the future. This means doing business while constantly looking ahead. It’s been so rewarding to consumer and business clients together within the bank from the very beginning.” Green savings from private individuals and investors are pooled in the Green Savings Deposit. They’re paid interest at a slightly lower rate than the going one and may also be eligible for certain tax benefits. These green savings are then used to help make business clients’ sustainability goals a reality with a Green Loan and/or a Green. In this way, green savers not only earn a good return on their investment, but also generate a social return for society as a whole.

Groenbank is an integral part of ABN AMRO Bank’s sustainability strategy and actively contributes to the bank’s sustainably invested assets. “Since our launch, we’ve granted more than EUR 600 million in Green Loans to over 400 satisfied clients. I’m proud to say these projects have included everything from co-facilitating circular business premises to developing a sustainable residential tower,” says Overwater.

The Green Savings Deposit is key if businesses with sustainable ambitions are to continue to receive support from Groenbank. Besides interest savers may also be eligible for tax benefits, although this varies from person to person. The Green Savings Deposit scheme is available from as little as EUR 500 and has a fixed term of one year.

Media Contact:

Eunice Koekkoek
Senior Press Officer
eunice.koekkoek@nl.abnamro.com
+31 (0)20 6283587

SOURCE: ABN AMRO Bank N.V.