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SNS REAAL Groep N.V.

SNS REAAL Groep N.V.

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Publicatie datum 23 jul 2010 - 17:56
Statutaire naam SNS REAAL Groep N.V.
Titel SNS Bank shows positive outcome of EU-wide extended stress test exercise
Bericht SNS Bank N.V. (SNS Bank), the Banking activities of SNS REAAL, was subject to the 2010 EU-wide stress testing exercise coordinated by the Committee of European Banking Supervisors (CEBS), in cooperation with the European Central Bank, and the Dutch Central Bank (DNB). This stress testing exercise was conducted by 91 European banks including four banks from the Netherlands. SNS Bank acknowledges the outcomes of the EU-wide stress tests. The results of the stress test were extensively discussed with and endorsed by DNB. This stress test complements the risk management procedures and regular stress testing programmes set up in SNS Bank under the Pillar 2 framework of the Basel II and Capital Requirement Directive (CRD) requirements.