SNS REAAL Groep N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
16 feb 2012 - 07:30
Statutory name
SNS REAAL Groep N.V.
Title
SNS REAAL rapporteert nettowinst van € 87 miljoen in 2011 / SNS REAAL posts 2011 net profit of € 87 million
Comments
NET PROFIT CORE ACTIVITIES OF € 335 MILLION
Strong increase in net profit at SNS Bank to € 262 million, supported by higher net interest income and gain on the buy back of own debt
Strong increase in net profit at REAAL to € 257 million, positively impacted by gains on derivatives; underlying profit markedly up to € 203 million
Net loss at Zwitserleven of € 91 million due to a goodwill impairment of € 107 million net; underlying profit slightly up to € 55 million
Overall improvement in customer satisfaction levels; more than 100,000 new customers at SNS Bank
On track with cost reduction and integration programmes; 80% of targeted € 200 million annualised cost reduction realised
NARROWING NET LOSS PROPERTY FINANCE TO € 248 MILLION
Sharp decline in impairment charges to € 251 million (-68%)
Total commitments reduced by € 1.4 billion to € 5.5 billion (-20%) compared to year-end 2010
Reduction of international commitments by € 0.9 billion to € 2.2 billion (-30%)
Date last update: 09 June 2026