ING, ABN to Lift Provisions for SME Rate Swap Compensation Plan
Source: BFW (Bloomberg First Word)
Tickers
3584485Z NA (ABN AMRO Group NV)
DBK GR (Deutsche Bank AG)
INGA NA (ING Groep NV)
RABO NA (Cooperatieve Rabobank UA)
1012Z NA (SNS Bank NV)
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UUID: 7947283
(Bloomberg) -- ABN Amro to raise provision by about EU360m in 2Q after adopting framework for compensation of Dutch SME clients with interest rate derivatives as proposed by an independent committee.
Alert: HALISTER- ING sees increase of provision of ~EU150m, to be booked in 2Q
- Van Lanschot to make additional provision of EU7m-9m in 2Q
- SNS Bank to book provision, which will have no substantial impact on its capital position
- Rabobank, Deutsche Bank still considering whether to adopt framework, committee says
- SME clients to receive up to EU100,000 compensation as part of framework arrangement
Source: BFW (Bloomberg First Word)
Tickers
3584485Z NA (ABN AMRO Group NV)
DBK GR (Deutsche Bank AG)
INGA NA (ING Groep NV)
RABO NA (Cooperatieve Rabobank UA)
1012Z NA (SNS Bank NV)
To de-activate this alert, click here
UUID: 7947283