For other banks with the name Volksbank, see Volksbank.
De Volksbank N.V.
Industry
Banking
Founded
1817
Headquarters
Utrecht, Netherlands
Products
Banking
Insurance
Net income
€116 million (2009)[1]
Total assets
€80 billion[1]
Number of employees
3000[1]
Parent
NL Financial Investments [nl] (state-owned)
De Volksbank (lit.'The People's Bank') is a Dutch retail bank offering financial products to both companies and individuals. Prior to a 2017 restructuring, it was called SNS Bank, which remains its major brand name. It became a subsidiary of SNS Reaal in 1997 when the holding company bought the insurance company Reaal. The bank and its parent were rescued by the Dutch government in 2013 and have been state owned since then. In 2016, SNS Bank was the fourth-largest bank in the Netherlands in terms of total assets.[2]
De Volksbank has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[3][4]
^ abc"SNS Bank - Voor journalisten". Archived from the original on 2010-12-30. Retrieved 2010-11-29.
^"Major Banks in the Netherlands".
^"The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
^"List of supervised entities" (PDF). European Central Bank. 1 January 2023.
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