Netherlands based mostly ABN Amro to Supply Sustainability Low cost on Mortgage Curiosity Charges for Power-Environment friendly Houses
ABN Amro (AMS: ABN), a Dutch bank based in Amsterdam and currently the third largest bank in the Netherlands, offers its customers a sustainability discount on mortgage rates for energy-efficient houses.
ABN Amro’s management determined that they will use the EU energy label’s categorization to assess the sustainability ratings for houses. For properties registered in the top A category, the banking institution offers a 0.15% discount on the interest repayment (as reported by Finextra). Homes that are officially registered as B properties are eligible for a 0.1% discount.
The management of ANB Amro stated:
“We want to achieve an average energy label A for all residential and commercial properties we finance by 2030. We want to encourage our customers to make their homes more sustainable and offer this sustainability discount as an incentive. “
Existing and new customers of mortgage loans qualify for the interest reduction if they make their property more sustainable after the start of a fixed interest rate and register their energy label – if A or B – within 2 years.
ABN Amro confirmed that it will automatically proactively approve the energy labels Dutch corporate agency (Dutch business agency). If the conditions are met, the credit institution applies the discount without the customer having to apply for it.
ABN Amro points out that “there is a lot to consider when buying a home in the Netherlands and it can be a little overwhelming”. And if you’re not sure where to start, you can follow their step-by-step guide, from calculating or determining the loan amount to receiving your mortgage offer.
As reported in April 2021, ABN Amro and Rabobank, a Dutch multinational banking and financial services group, announced that it is working with a research platform TNO to test a technology that will allow banking institutions to share data that will be used to identify financial crimes while protecting customer privacy.
The partners are testing different ways to monitor transactions between customers at different banks without actually sharing the risk assessments they may give their customers.
ABN Amro’s management determined that they did not want to share these risk assessments with other banking service providers. However, when one of their low-risk customers receives funds from “high-risk” customers of other banks, they want to be able to “monitor more closely” that customer, explained ABN Amro.