Reaction to nationalisation of SNS Reaal
Press release
Article tags:
- Economy
Jeroen van Maarschalkerweerd
Head of Media Relations & PA
On 1 February the Government of the Netherlands announced the nationalisation of SNS Reaal N.V. ABN AMRO understands the intervention of the Minister of Finance to safeguard the Dutch financial system.
The Government of the Netherlands also announced to propose a EUR 1 billion one-off resolution levy for all banks to be levied in 2014. The impact of this proposal on the results of ABN AMRO is currently estimated to be in the range of EUR 200-250 million (after tax) depending on the final details of the levy.
For further details please refer to the press release issued by the Government of the Netherlands.