AMSTERDAM--Dutch insurer Delta Lloyd Group (DL.AE) said Friday
it has no exposure to SNS Reaal NV (SR.AE), the Dutch bank that was
nationalized on Friday.
Delta Lloyd stressed there is no exposure, 'neither in shares
nor in subordinated loans'.
A loan called 'NLG 25 million (EUR11 million) SNS Bank N.V. loan
1999 due 2024 (27 December)', which was provided by Delta Lloyd's
Stichting Bewaarder OHRA Obligatie Fonds, is mentioned in a decree
from the Dutch government, but this loan was sold in 2000 and is no
longer carried on the books of Delta Lloyd, the company said.
The Dutch state Friday nationalized SNS Reaal following
unsuccessful talks with private investors about a capital boost. To
limit the costs for taxpayers, Dutch banks have been ordered to pay
a one-off levy of 1 billion euros ($1.36 billion) in 2014.
ING (INGA.AE), the Netherlands' biggest bank by assets, Friday
said it expects the levy is likely to cost it between EUR300
million and EUR350 million, lowering its core tier-1 ratio by
around 12 basis points. ING, which in November reported a core
tier-1 ratio of 11.8%, said its capital position remains
strong.
ABN Amro Bank NV (ABN.YY), which was nationalized by the Dutch
government in 2008, said Friday it expects an impact of EUR200
million to EUR250 million after tax from the levy. The precise
amount depends on the final details of the levy for SNS Reaal, ABN
Amro added.
Write to Robert van den Oever at
robert.vandenoever@dowjones.com