Dutch banks welcome 20bn euro emergency fund

11th October 2008, Comments 1 comment

Dutch banks and insurance companies have welcomed a move by the Dutch government to make 20 billion euros available to the financial sector.

No institution, however, has so far applied for any emergency help. SNS Reaal, one of the country's biggest players, says it is not facing liquidity problems. Bank and insurance company ING has hailed the move for restoring confidence in the financial sector but says it not in difficulty. Aegon, which is under heavy pressure on the stock market, refuses to say whether it will apply for aid. The Netherlands Bankers' Association says the emergency fund can help restore calm and trust in the financial sector.

1 Comment To This Article

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