Dutch Min Fin: Confident On Stress Test Results For Dutch Banks

The Netherlands' Ministry of Finance said Wednesday it is confident on the outcome of European stress tests for Dutch banks and that therefore the results should be disclosed for each bank separately.

A spokeswoman said that Finance Minister Jan Kees de Jager is confident on the outcome of the tests, following talks with a number of banks. Consequently, he wants the results to be published for each bank individually and not for the sector as a whole, she said.

The spokeswoman added that the results are likely to be released around July 23.

European Union regulators are testing around 100 banks as investors worry over their exposure to the sovereign debt of several southern European countries.

The ministry spokeswoman declined to comment on individual banks but said that at least four banks in the Netherlands are undergoing tests into their financial strength.

The banking arms of ING Groep NV (INGA.AE) and SNS Reaal NV (SR.AE), Rabobank, ABN Amro Bank NV and Van Lanschot NV (LANS.AE) are named by analysts and newspaper reports as the banks on the list.

The Dutch Banking Association said last month it opposes a public disclosure of stress tests, saying it might result in a run on banks and that it won't contribute to a recovery of the sector. However, it stressed that Dutch banks don't have much reason to worry about it due to their strong capital buffers.

-By Maarten van Tartwijk and Anton Reijinga; Dow Jones Newswires; +31-20-5715200; maarten.vantartwijk@dowjones.com

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