ING News

Luxembourg, 28/07/2022

Russian-Ukrainian conflict: State-guaranteed loans

The current geopolitical conflict is having a serious impact on our country's economy. In this context and in order to support Luxembourg entrepreneurship and trade, ING is joining forces with the government and several banks to set up a guarantee system for loans granted to companies affected by the economic crisis as of 1 May 2022. 

The Act of 15 July 2022, specifies the conditions to be met in order to be eligible for this State guarantee.

1) What is the state guarantee?

A state-guaranteed loan is a loan granted by a bank to a company or professional, despite the current economic/geopolitical situation, thanks to the state guarantee on a significant part of the loan.

This loan remains a loan from a bank to a company: it is not a loan from the State.

The state guarantee is on a scale that depends on the size of the company and the duration of the guaranteed loan. This guarantee fee, collected by the State Treasury from the lending institution, is borne by the borrower.

The maximum repayment term is 6 years

2) Which companies are eligible?

This concerns commercial, artisanal or industrial companies, legal entities or natural persons, established in Luxembourg and who have liquidity needs due to the current economic consequences

More infomation on: ABBL .

3) Which loans are eligible?

Credit lines, investment credits or overdraft facilities that have the following characteristics, among others, are eligible:

  • A maximum duration of 6 years,
  • Granted between 1 May and 31 December 2022
  • Granted to cope with financial difficulties arising out of the current economic crisis due to the Russia-Ukraine conflict.

4) What is the maximum amount guaranteed?

A single company may only receive loans covered by the State guarantee for a maximum amount of:

  • 15% of the company's total average annual turnover over the last three completed financial years.
  • 50% of the company's energy costs over the 12 months preceding the month in which the notification is made to the State Treasury.

In the event that several loans are granted to the same company, the State guarantee is provided in the chronological order in which these loans are granted, and provided that their aggregate amount remains below the authorised ceiling.

In practice: anyone who thinks they meet the conditions to be able to apply for a State-guaranteed loan is invited to contact us. This can be done by appointment, online or over the phone. The documents can be downloaded here:

Documentary evidence is requested so that we can consider your application. You can send these documents by email to your usual relationship manager or to

ING LU Press Office
Place de la Gare, 26
L-1616 Luxembourg
T: + 352 44 99 1 – E:

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