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SNS Bank

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2013

    Property Finance crisis and nationalisation

    Losses in SNS Property Finance, the commercial-real-estate business acquired from Bouwfonds, contributed to a major deterioration in SNS REAAL’s capital position. The Dutch government nationalised SNS REAAL and its subsidiaries, including SNS Bank, on 1 February 2013. The intervention involved state capital support and the expropriation of shares and certain subordinated securities. The episode became the defining controversy in SNS Bank’s modern history.

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