Pension funds commit 800 mln euros for Dutch business lending

April 8, 2015 5:57 AM

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AMSTERDAM, April 8 (Reuters) - A new institution created by a group of Dutch pension funds with government backing said on Wednesday it has gathered 800 million euros ($870 million) for lending to small and medium businesses in the Netherlands.

The Nederlandse Investeringinstelling (NLII) was founded last year to help address the lack of available credit for small and medium enterprises in the Netherlands, despite record low funding rates for the country's banks via the European Central Bank.

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