Sunday 04 December 2022

Amsterdam’s AMC teaching hospital signs €635m loan deal

Amsterdam’s AMC teaching hospital has signed a €635m credit agreement with a consortium of banks made up of ING, Rabobank and the local authorities’ bank VNG, the Financieele Dagblad reports on Monday.


The paper says the deal is one of the biggest involving a Dutch healthcare institution. The money will be used for renovations, new buildings and working capital.
The deal will run for 20 years and the interest payable will be re-assessed every two to five years.
The paper says the AMC had also been in talks with a pension fund but that it wanted to charge commercial interest rates. ‘Then you might as well go with a bank,’ Ruud Hopstaken, deputy chairman of the AMC’s management board, said.
The hospital is still in talks about a loan guarantee.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.