Regulatory Alerts2023-12-18
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Q&A on definition of promotional lender
The document defines a promotional lender as a credit institution advancing public policy objectives through non-competitive, non-profit promotional loans, where at least 90% of granted loans are directly or indirectly guaranteed by central, regional, or local government authorities. It specifies that exposures to these regional or local authorities are treated as exposures to the central government in accordance with Article 115(2) of Regulation (EU) No 575/2013. The text cites N.V. Bank Nederlandse Gemeenten (BNG Bank) and Nederlandse Waterschapsbank N.V. (NWB Bank) as examples of such lenders in the Netherlands.
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