April 17, 2014 2:36 PM ET

Diversified Financial Services

Company Overview of SNS Reaal N.V.

Company Overview

SNS Reaal N.V., together with its subsidiaries, provides various products and services to banking and insurance sector in the Netherlands. Its product portfolio includes savings and deposits; investments; mortgages; loans; payment services; asset management services; pension insurances; property finance; life insurance; funeral insurance; car and travel insurance; non-life insurance for property, mobility, bodily injury, invalidity, and disability; and accident and health insurance for dogs and cats, as well as offers road assistance services. The company serves individuals, retail market, and small and medium-sized enterprises. Its products and services are offered through ASN Bank, BLG Won...

Hojel City Center

Building A

Croeselaan 1

Utrecht,  3521 BJ

Netherlands

Phone:

31 30 291 5200

Key Executives for SNS Reaal N.V.

Chairman of Executive Board and Chief Executive Officer
Age: 51
Chief Financial & Risk Officer and Member of Executive Board
Age: 57
Chief Operating Officer and Membe of Executive Board
Age: 48
Chief Technology Officer and Member of Executive Board
Age: 49
Secretary of Executive Board
Compensation as of Fiscal Year 2013.

SNS Reaal N.V. Key Developments

SNS Retail Bank Reports Earnings Results for the Year of 2013

SNS Retail Bank reported earnings results for the year of 2013. For the period, the company reported sharply higher net profit excluding one-off items of €269 million compared to €124 million in 2012, mainly due to higher net interest income. The company reported sharply higher net profit of €190 million compared to €88 million in 2012, in spite of a one- off charge related to revaluation of DBV securitisation structures.

SNS Reaal N.V. Reports Earnings Results for the Year of 2013

SNS Reaal N.V. reported earnings results for the year of 2013. For the period, the company posted net profit excluding one-off items of €386 million; including one-off items net loss of €414 million. Net loss was €1,950 million driven by loss at Property Finance and one-off items at the Insurance activities.

SNS Reaal Plans To Split

SNS Reaal N.V. is planning to divide into a bank and an insurer. Gerard van Olphen Chief Executive Officer and Maurice Oostendorp Chief Financial Officer of SNS Reaal said that the SNS Reaal’s break up is expected to be completed by 2014. Jeroen Dijsselbloem, finance minister of Dutch submitted a restructuring plan at the European Commission (EC) after the group's nationalization in February, 2013. The privatization of SNS Bank will be deliberated in the summer.

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