September 18, 2014 10:51 AM ET

Banks

Company Overview of SNS Bank N.V.

Company Overview

SNS Bank N.V. provides various banking and financial products and services primarily to small and medium sized enterprises (SMEs) in the Netherlands and internationally. It offers savings and current accounts, investments, asset management services, loans, mortgages, and insurance services. The company also provides securities services for professional investors; and assists SMEs and larger companies in private and public capital markets transactions. The company was founded in 1817 and is headquartered in Utrecht, the Netherlands. SNS Bank N.V. is a subsidiary of SNS REAAL NV.

Croeselaan 1

Utrecht,  3521 BJ

Netherlands

Founded in 1817

2,320 Employees

Key Executives for SNS Bank N.V.

Chief Financial Officer and Member of Managing Board
Chief Operating Officer and Member of Managing Board
Chief Commercial Officer and Member of Managing Board
Age: 56
Chief Risk Officer and Member of Managing Board
Chairman of the Statutory Board of Directors
Age: 49
Compensation as of Fiscal Year 2014.

SNS Bank N.V. Key Developments

SNS Bank N.V. Reports Earnings Results for the Six Months Ended June 30, 2014

SNS Bank N.V. reported earnings results for the six months ended June 30, 2014. For the period, the company reported net income attributable to shareholders of EUR 111 million, compared to a net loss attributable to shareholders of EUR 1.57 billion for the same period ended June 30, 2013. Net interest income was EUR 491 million, compared to EUR 460 million for the same period ended June 30, 2013. Income before taxation was EUR 165 million, compared to EUR 283 million for the same period ended June 30, 2013.

SNS Bank NV Announces Executive Changes

SNS REAAL NV said June 30 that its executive board appointed new managing boards for unit SNS Bank NV, effective July 1, 2014. The new managing board of SNS Bank comprises CFO Annemiek van Melick, COO Alexander Baas, Chief Commercial Officer Rob Langezaal and Chief Risk Officer Martijn Wissels. Jeroen de Graaf, director of communications, strategy and business development, is part of SNS Bank's management team.

SNS Bank N.V. to Layoff 300 Employees

SNS REAAL NV on November 15, 2012, unveiled a new cost-savings target at its investor day presentation as it announced a headcount reduction of about 750 full-time employees. The company announced that 300 of the 750 layoffs will take place at SNS Bank NV.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 12, 2013
SNS Fundcoach
 

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