BRUSSELS, Oct. 7 (Xinhua) -- Dutch Finance Minister Wouter Bos has provided Fortis Bank Netherlands, which the Dutch government acquired last Friday, with an emergency loan of 34 billion euros ( 46.2 billion US dollars) to repay short-term loans, Dutch daily Financiele Dagblad reported Tuesday.
According to a letter Bos sent to the Dutch parliament Monday, the credit was needed because Fortis Bank Belgium abruptly ended its liquidity support for Fortis Bank Netherlands on Monday.
The Dutch government paid 16.8 billion euros (22.8 billion dollars) on Friday to fully nationalized the Dutch division of Belgian-Dutch banking and insurance group Fortis, including Fortis' banking and insurance arms in the Netherlands and the ABN Amro operations which Fortis acquired last year.
The move meant that Fortis' activities in the Netherlands are completely separated from those in Belgium and Luxembourg. Bos said on Friday that in this way the Dutch part of Fortis would notbe "infected" by the Belgian part of Fortis. His words has sparkedcriticism from Belgian media and government officials.
Dutch government grants emergency loan to Fortis
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