SMEs receive almost half of Dutch corporate loans, pay higher rates
Small and medium-sized enterprises (SMEs) receive almost half of all bank loans to businesses in the Netherlands, according to new figures from De Nederlandsche Bank (DNB). These SMEs often pay a slightly higher interest rate than larger firms.
SMEs face higher borrowing costs
De Nederlandsche Bank (DNB) reports that Dutch banks had lent a total of €340 billion to the business sector as of March 2026.
Just under half of this amount, approximately €160 billion, was extended to small and medium-sized enterprises (SMEs), a share that has remained stable over time.
SMEs are particularly active in sectors such as agriculture, hospitality, and construction.
These sectors, with a relatively high proportion of SMEs, often incur slightly higher interest rates.
This difference may stem from the smaller credit amounts typically extended to SMEs and the information asymmetry banks face, complicating risk assessments.
SMEs pay an average interest rate of around 3.6 percent on their outstanding loans, compared to approximately 3.1 percent for larger firms in March 2026.
Sectoral lending dominated by real estate
Beyond the distinction between SMEs and large firms, lending volumes vary significantly across sectors.
Around €149 billion of bank lending to the Dutch business sector has been extended to companies active in real estate, primarily housing associations.
This trend is common in other euro area countries.
The Dutch wholesale and retail sectors received €37 billion in loans, while agriculture accounted for €21 billion.
Companies in 'professional, scientific and technical activities' borrowed €32 billion, mainly comprising head offices with administrative or fund redistribution functions.
Enhanced data, reduced burden
DNB now publishes new corporate lending figures monthly, enhancing representativeness by combining existing sources.
This update significantly reduces the administrative burden for banks, as quarterly reporting is no longer required.
Aligned with Eurostat's sector classification, the new data offers a more comprehensive and consistent view of lending dynamics.