CAPITAL BUFFERS: SNS Reaal NV, the troubled Dutch banking and insurance group, is looking to strengthen its capital buffers through strategies including a possible share issue or forcing some bondholders to take losses.
REAL ESTATE HIT: The company has been struggling after being hit about €2.3 billion ($3 billion) in losses on its foreign property investments and an increasingly weak Dutch commercial real estate market.
NEEDS CASH: SNS Reaal's capital reserves, designed to protect the group from economic and financial shocks, are below levels allowed under international banking law — and it still owes the Dutch state €750 million from a bailout it received in 2008. Analysts say SNS needs roughly €2 billion in capital to regain solvency.
- Investment & Company Information