Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Western EuropeSeptember 28 2010

Lifting off again

New space: ING's futuristic headquarters in Amsterdam is to be sold as part of a major restructuringThe Dutch banking sector has returned to some semblance of normality following the global crisis, with AAA rated Rabobank leading the way and other banks busy rebuilding their reputations. However, fears of a contagion effect from troubled economies in southern Europe, or even a double-dip recession in some of the world's larger economies, are adding caution to any optimism. Writer Michael Imeson
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Lifting off again

The Netherlands' financial sector is now back on track after a bumpy ride and some spectacular derailments.

When Fortis, the Belgian-Dutch financial group, found itself in trouble in 2008, the Dutch state nationalised every company in the country bearing the name - Fortis Bank Netherlands, the Fortis-owned parts of ABN Amro Bank and two insurance companies. At the same time, the government injected €10bn of core capital into the financial conglomerate ING, €3bn into insurer Aegon and €750m into SNS Reaal, the banking and insurance group. To cap it all, DSB, a small Dutch bank, went bust in 2009.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial