SNS bank fails banking capital test

Friday, 09 December 2011 10:39

Rabobank, ING and ABN Amro have passed the latest European banking association capital requirements test, but SNS has a shortfall of €159m, the EBA said.

The EBA looked at 71 European banks to make sure they are strong enough to cope with financial knocks.

SNS will now submit a plan to get its capital up to strength to the Dutch central bank and has already taken some steps to achieve this, the Utrecht-based bank said in a statement.

According to website MarketWatch, SNS is still struggling with 'persistent losses' at its real estate unit.

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