What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

ING Belgium and European Investment Fund sign €400 million guarantee agreement for SMEs

    Date: 15 July 2021

Loans support re-start of Belgian economy in wake of COVID-19 crisis

  • ING Belgium signs guarantee agreement with European Investment Fund (EIF) under the “European Guarantee Fund”, to channel financing to hard-pressed Belgian companies.
  • As the first Belgian bank to use the EGF-guarantee, the transaction will support an ING portfolio of up to €400 million in new financing to small and medium-sized Belgian businesses.
  • The EGF is part of the €540 billion EU rescue package in the wake of the COVID-pandemic.

SMEs in Belgium can look forward to €400 million in new financing made available by ING and the European Investment Fund. From today ING customers with small and medium-sized enterprises can call on new guarantee agreement that ING Belgium has concluded with the European Investment Fund.

As of today, entrepreneurs and self-employed customers of ING Belgium with small to medium-sized businesses can apply for a loan that is covered by the EIF. The EIF-guarantee is supported under the pan-European Guarantee Fund (EGF), which ING is the first bank to make use of in Belgium. This guarantee enables the bank to provide loans to SMEs on more favourable terms, which can help to accelerate the recovery of the Belgian economy in the aftermath of the COVID-19 crisis.

"As the vaccination campaign against the coronavirus reaches cruising speed, we at ING are determined to support our Belgian companies, which are the backbone of our economy, in a faster recovery. We are therefore delighted to have reached an agreement with the EIF for the substantial sum of €400 million. It gives our customers the sometimes much-needed push in the right direction. We would therefore like to thank the EIF for the trust they have placed in us. It is a very positive continuation of a fruitful cooperation that has already lasted for years,” says Philippe Wallez, head of Business Banking at ING Belgium.

Specifically, companies will have access to funding until 31 December 2022, with a 70% guarantee from the EIF for each new loan, up to a maximum of €7.5 million per loan.

"As we collectively try to turn the page on this crisis, we need to ensure that small businesses have the support they need to weather the storm and push ahead on the path to recovery. We are very glad to team up once again with ING to offer exactly this kind of support to Belgian entrepreneurs and small businesses through the European Guarantee Fund," says EIF Deputy Chief Executive, Roger Havenith.

Background Information

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

ING in Belgium is a universal bank that provides financial services to private individuals, businesses and institutional customers. ING Belgium S.A./N.V. is a subsidiary of ING Group N.V. via ING Bank N.V. (www.ing.com). ING is a global financial institution with a strong European presence, offering banking services through its operating subsidiary ING Bank. ING's objective is to enable people to stay one step ahead in both their personal and business lives. ING's more than 57,000 employees offer retail and commercial banking services to customers in over 40 countries. ING Group shares are listed on the stock exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and New York (ADRs: ING US, ING.N). Sustainability is an integral part of ING's strategy, as evidenced by ING's leading position in sector benchmarks from Sustainalytics and MSCI and our 'A-list' rating from CDP. ING Group’s shares are included in major sustainability and environmental, social and governance (ESG) index products from leading providers such as STOXX, Morningstar and FTSE Russell. In January 2021, ING received an ESG evaluation score of 83 ('strong') from S&P Global Ratings.

The European Guarantee Fund (EGF) was set up by the EIB Group with contributions from Belgium and other EU Member States to shield companies suffering from the COVID-19 crisis. Using nearly €25 billion in guarantees, the EGF allows the EIB and the EIF to quickly make loans, guarantees, asset-backed securities, equity and other financial instruments available to mostly small and medium-sized enterprises. The EGF is part of the European Union’s recovery package aiming to provide a total of €540 billion to boost those parts of the EU economy that have been hit the worst.

For more information:

ING Press Office pressoffice@ing.be

EIB Group: Tim Smit, Tel: +352 691 28 64 23, t.smit@eib.org, Follow the EIF on Twitter


We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.