Improved Market Conditions And Ongoing Restructuring Should Help Dutch Banks Exit From Government Support Mar 11
Standard & Poors, March 2011
Abstract
Improved domestic market conditions and extensive restructuring undertaken by certain Dutch financial institutions over the past two years should, in Standard & Poor's Ratings Services' view, pave the way for the banks' impending exit from various forms of government support. Despite diverging financial results for 2010, we consider that Dutch banks' inherent profitability generally improved. Furthermore, we expect some stabilization in 2011 and more room for improvement from 2012. Nevertheless, we believe that global market conditions will determine the pace at which those banks hardest hit by the financial crisis in 2008-2009 will exit from this support and, in some cases, continue to implement specific requirements set by the European Commission (EC). (See the related CreditMatters TV segment, "Dutch Banks...
Companies mentioned in this report are:
- The Royal Bank of Scotland N.V.
- ING Bank N.V.
- ING Groep N.V.
- NIBC Bank N.V.
- Bank Nederlandse Gemeenten N.V.
- Nederlandse Waterschapsbank N.V.
- LeasePlan Corporation N.V.
- SNS Bank N.V.
- SNS REAAL N.V.
- Achmea Hypotheekbank N.V.
- KAS BANK N.V.
- F. van Lanschot Bankiers N.V.
- AEGON Bank N.V.
- ABN AMRO Bank N.V.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- The Royal Bank of Scotland N.V.
- ING Bank N.V.
- ING Groep N.V.
- NIBC Bank N.V.
- Bank Nederlandse Gemeenten N.V.
- Nederlandse Waterschapsbank N.V.
- LeasePlan Corporation N.V.
- SNS Bank N.V.
- SNS REAAL N.V.
- Achmea Hypotheekbank N.V.
- KAS BANK N.V.
- F. van Lanschot Bankiers N.V.
- AEGON Bank N.V.
- ABN AMRO Bank N.V.
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