Dutch Bank SNS REAAL in Trouble
Friday, 13 July 2012 | 
John A Morrison
Market update SNS REAAL / Friday, July 13, 2012
SNS REAAL repeats that in line with its strategic priorities it focuses on the run off of property finance loans and the strengthening of its capital position. In doing so, SNS REAAL is exploring various possibilities together with advisors. The sale of parts of its business activities is one of the options that is being explored. No decision has been made on any of the various possibilities.
A Man worth Listening to: Jan Kees de Jager
Sunday, 16 October 2011 | John A Morrison
Dutch Finance Minister Jan Kees de Jager - some references below
A Man worth listening to this week, run into the Emergency Council
ING Groep Plans To Buyback EUR 2 Bln Core Tier 1 Securities From Dutch State
Monday, 7 March 2011 | Finance - Banki...
ING Groep NV (ING) Monday said that intends to exercise its option for early repurchase of EUR 2 billion of the core Tier 1 securities at the next coupon reset date on 13 May 2011. The company also informed the Dutch State of its intention.
The repurchase of 200,000,000 core Tier 1 securities, for which the Dutch Central Bank has given its approval, has a nominal value of EUR 2 billion. The total payment will amount to EUR 3 billion and includes a 50% repurchase premium. ING noted that it will fund this repurchase from retained earnings.
Amsterdam-based ING was one of Europe's biggest casualties in the financial crisis and received a €10 billion rescue package from the Dutch government, of which half was repaid late 2009 from the proceeds of a rights issue. It still owes €5 billion, plus a €2.5 billion penalty that it has to pay in return for receiving government support.
ING flagged at the presentation of its full-year results last month that it planned to repay a "significant amount" of state aid this year. Chief Executive Jan Hommen said that the strong recovery of ING's banking business enabled it to speed up repayment plans.
Finance - Banking - Supervision's blog | 
2 comments | Tweet | Comments | 
Tags: bad bank, EU, ING, Netherlands, state aid
Court declares Dutch bank DSB bankrupt
Monday, 19 October 2009 | Finance - Banki...
A Dutch judge on Monday declared ailing bank DSB bankrupt after it failed to find a new buyer in the face of client withdrawals this month totalling 600 million euros (900 million dollars), a court statement said. As reported one week ago, DSB Bank was placed under Dutch Central Bank management, but on Sunday a last attempt to rescue the bank failed.
DSB Bank Placed Under Dutch Central Bank Management after run
Tuesday, 13 October 2009 | Finance - Banki...
DSB Bank NV, run by the owner of the Dutch national soccer champion, was placed under the control of the central bank as the outflow of capital threatened the financial-services company’s existence.
DSB Bank’s solvency is under “great pressure,” the Amsterdam-based central bank said today, revising an Oct. 1 statement that the lender met requirements for solvency and liquidity. DSB’s problems weren’t caused by the credit crisis, Dutch Finance Minister Wouter Bos said at a press conference in Amsterdam, adding he has no concerns about other Dutch banks.
Are the key legislative pillars such as Basel II & III, UCITS IV and Solvency II forcing you to re-examine how you identify, measure and manage risk and capital?
Asymptotix work closely with our partners to help clients develop a more proactive, systematic and integrated approach to governance and risk management to deliver proper value.
Asymptotix can offer the support you need to deliver on time. Read more...
Is the goal of your website to sell services or products, educate, or collect data?
A positive customer experience is vital to conversion, no matter what your conversion goals may be. Our designers and developers will create a positive experience to maximize your conversions and deliver the optimal return on your investment. We strive to find the perfect balance between the web site’s design and functionality.
Asymptotix implements interactive solutions for European companies. From corporate websites to social communities, our clients will tell you an investment in building a scalable online experience will deliver long-term tangible benefits.
Based in Luxembourg we can help you all over Europe. Our multi-lingual team can work with projects and speak your language! Read more...