Sale SNS Securities finalised

Summary

SNS Bank NV (SNS Bank) announces that it has today finalised the sale of SNS Securities NV (SNS Securities) to NIBC NV (NIBC).

The Dutch Central Bank granted the required approval for the transaction on 17 June 2016. In 2015 SNS Bank already made a provision for, and reported on, the book loss as a result of the sale. The impact of the sale on SNS Bank’s capital position is negligible. With effect from today, the name of SNS Securities has been changed into NIBC Markets NV.