De Volksbank takes note of the results of the 2022 EU-wide Transparency Exercise
De Volksbank N.V. takes note of the announcements made by the European Banking Authority (EBA) and the European Central Bank regarding the information of the 2022 EU-wide Transparency Exercise and complying with the decision of the EBA Board of Supervisors. The outcome of the exercise related to de Volksbank can be found on the EBA website.
Background EU-wide Transparency Exercise
The EBA Board of Supervisors approved the package for the EU‐wide Transparency Exercise, which has been performed on an annual basis since 2016 and is published along with the Risk Assessment Report (RAR). The transparency exercise is solely based on COREP/FINREP data in order to ensure an adequate and appropriate level of disclosure to market participants.
The templates were pre-filled by the EBA and subsequently sent to banks and supervisory authorities for verification. Banks had the chance to correct any errors detected and to resubmit correct data through the regular supervisory reporting channels, and to add specific information necessary to explain individual data in more detail.
De Volksbank is the organisation behind SNS, ASN Bank, RegioBank and BLG Wonen and the driving force in the background that develops banking products, processes and systems based on human needs. By banking with a human touch, together we contribute to a financially healthy life for everyone in the Netherlands. ASN Bank encourages sustainable progress, BLG Wonen makes good housing accessible to everyone, RegioBank is an advocate of the local quality of life, and SNS increases the financial resilience of people in the Netherlands. De Volksbank is located in Utrecht, the Netherlands. More information: www.devolksbank.nl.
DISCLAIMER
This press release contains only factual information and should not be regarded as an opinion or recommendation concerning the purchase of securities issued by de Volksbank N.V. This press release does not contain any value judgement or predictions with respect to the financial performance of de Volksbank N.V. If you do not want to receive any press releases from de Volksbank N.V., please send an email to communicatie@devolksbank.nl.