de Volksbank N.V. (formerly SNS Bank N.V.)

Established in 1817, SNS Bank was the first savings bank in the Netherlands. "SNS" stands for Samenwerkende Nederlandse Spaarbanken (eng: "Co-operating Dutch Savings banks"). The bank is focused on providing savings, mortgage and payment products to domestic companies and indiviuals.

Since 1 January 2017, SNS Bank operates as 'de Volksbank' to underline that the bank is a stable bank providing simple, useful and affordable products and taking responsibility. Also since 1 January 2017, ASN Bank, Regio Bank, SNS Bank, BGL Wonen Bank and Zwitserleven operate using the single banking license of de Volksbank.

Services
Retail Banking

de Volksbank N.V. is the 4th largest bank in the Netherlands in terms of total assets. In 2016 its total assets were 61 561,00 mln EUR. In 2016 the bank's net income was 329,00 mln EUR.

Rank in the Netherlands
4th largest bank

Total Assets (2016)
61 561.00 mln EUR  (-1.80%)
Net Income (2016)
329.00 mln EUR  (-5.46%)

de Volksbank N.V. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade). de Volksbank N.V. participates in deposit guarantee scheme of the Netherlands. This scheme covers accounts up to 100 000 EUR per bank per depositor.

de Volksbank N.V. is headquartered in Utrecht.

Address
Croeselaan 1, 3503 RA, Utrecht, Netherlands
P.O. Box
8000
Website
https://www.devolksbank.nl/
BIC (SWIFT)
SNSBNL2A
MFI ID
NL578

Business Summary

Services
retail banking
Products
current accounts
savings accounts (0.80 - 0.90 %)
time deposit accounts (0.90 - 1.70 %)
credit cards
consumer loans
car loans (7.70 - 7.70 %)
mortgage loans

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.

Current accounts made with de Volksbank N.V. are covered by deposit guarantee scheme of the Netherlands up to 100 000 EUR per depositor. The following current accounts are offered by de Volksbank N.V..

Updated on 13 December 2017

Betalen
Sales Region
Netherlands
Account Currency
EUR
Annual Costs (EUR)
30.00
Overdraft Rate (p.a.)
11.00 %
Current Account Details
Product Name
Betalen
Account Currency
EUR
Annual Costs
30.00 EUR
Interest Rate (p.a.)
1.25 %
Overdraft Rate (p.a.)
11.00 %
Debit Card
Debit Card Costs (p.a.)
0.00 EUR
Credit Card
Credit Card Costs (p.a.)
15.75 EUR
Online Banking
Telephone Banking
Branch Banking
Mobile Banking
Indexed TAN (iTAN)
pushTAN
photoTAN
Mobile TAN (mTAN)
chipTAN

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with de Volksbank N.V. are covered by deposit guarantee scheme of the Netherlands up to 100 000 EUR per depositor. de Volksbank N.V. offers the following savings accounts.

Updated on 13 December 2017

MaandSparen
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
0.90 %
Deposit Term (months)
1 - 12
Savings Account Details
Product Name
MaandSparen
Account Currency
EUR
Interest Rate (p.a.)
0.90 %
Deposit Term (months)
1 - 12
Investment Amount
50 - 9999999 EUR
Interest Frequency
1 times a year
InternetSparen
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
1 - 99
Savings Account Details
Product Name
InternetSparen
Account Currency
EUR
Interest Rate (p.a.)
0.80 %
Deposit Term (months)
1 - 99
Investment Amount
1 - 999999 EUR
Interest Frequency
1 times a year

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with de Volksbank N.V. are covered by deposit guarantee scheme of the Netherlands up to 100 000 EUR per depositor. de Volksbank N.V. offers the following time deposit accounts.

Updated on 13 December 2017

DepositoSparen
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
0.90 %
Deposit Term (months)
60
Time Deposit Account Details
Product Name
DepositoSparen
Account Currency
EUR
Interest Rate (p.a.)
0.90 %
Deposit Term (months)
60
Investment Amount
500 - 999999 EUR
Interest Frequency
1 times a year
DepositoSparen
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
1.10 %
Deposit Term (months)
72
Time Deposit Account Details
Product Name
DepositoSparen
Account Currency
EUR
Interest Rate (p.a.)
1.10 %
Deposit Term (months)
72
Investment Amount
500 - 999999 EUR
Interest Frequency
1 times a year
DepositoSparen
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
1.30 %
Deposit Term (months)
84
Time Deposit Account Details
Product Name
DepositoSparen
Account Currency
EUR
Interest Rate (p.a.)
1.30 %
Deposit Term (months)
84
Investment Amount
500 - 999999 EUR
Interest Frequency
1 times a year
DepositoSparen
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
1.50 %
Deposit Term (months)
96
Time Deposit Account Details
Product Name
DepositoSparen
Account Currency
EUR
Interest Rate (p.a.)
1.50 %
Deposit Term (months)
96
Investment Amount
500 - 999999 EUR
Interest Frequency
1 times a year
DepositoSparen
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
1.60 %
Deposit Term (months)
108
Time Deposit Account Details
Product Name
DepositoSparen
Account Currency
EUR
Interest Rate (p.a.)
1.60 %
Deposit Term (months)
108
Investment Amount
500 - 999999 EUR
Interest Frequency
1 times a year
DepositoSparen
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
1.70 %
Deposit Term (months)
120
Time Deposit Account Details
Product Name
DepositoSparen
Account Currency
EUR
Interest Rate (p.a.)
1.70 %
Deposit Term (months)
120
Investment Amount
500 - 999999 EUR
Interest Frequency
1 times a year

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Car Loans

Car loans are secured or unsecured (i.e., backed or non-backed by a collateral) installment loans provided to retail customers for the purpose of buying a new or used car. Used cars purchased privately are often financed through unsecured loans, while new cars are financed via secured loans with the car used as the loan collateral. Car loans offered by de Volksbank N.V. are shown in the table below.

Updated on 13 December 2017

Doorlopend krediet
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.70 %
Loan Amount
10000 - 14999
Loan Term (months)
12
Doorlopend krediet
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.70 %
Loan Amount
10000 - 14999
Loan Term (months)
24
Doorlopend krediet
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.70 %
Loan Amount
10000 - 14999
Loan Term (months)
36
Doorlopend krediet
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.70 %
Loan Amount
10000 - 14999
Loan Term (months)
48
Doorlopend krediet
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.70 %
Loan Amount
10000 - 14999
Loan Term (months)
60
Doorlopend krediet
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.70 %
Loan Amount
10000 - 14999
Loan Term (months)
72
Doorlopend krediet
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.70 %
Loan Amount
10000 - 14999
Loan Term (months)
84
Doorlopend krediet
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.70 %
Loan Amount
10000 - 14999
Loan Term (months)
96
Doorlopend krediet
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.70 %
Loan Amount
10000 - 14999
Loan Term (months)
120

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Financial Positions

Total Assets (2016)
61 561.00 mln EUR  (-1.80%)
Total Equity (2016)
3 541.00 mln EUR  (+7.24%)

In 2016 total assets of de Volksbank N.V. were 61 561.00 mln EUR. Decline compared to the previous period (2015) was -1.80%. The evolution of the total assets of de Volksbank N.V. is shown at Chart 1 below.

Total Assets of de Volksbank N.V..

Chart 1. Total Assets of de Volksbank N.V..

Profit and Loss

Net Income (2016)
329.00 mln EUR  (-5.46%)

Recent changes in gross profit of de Volksbank N.V. and its main components are shown in Table 1.

2015 2016 % change
Interest Income 1 888.0 1 592.0 -15.68%
Interest Charges -894.0 -681.0 -23.83%
Net Interest Income 994.0 911.0 -8.35%
Commission Income 103.0 108.0 +4.85%
Commission Charges -55.0 -51.0 -7.27%
Net Commission Income 48.0 57.0 +18.75%
Net Income from Trading Operations 39.0 -20.0
Table 1. Recent changes in gross profit of de Volksbank N.V. (mln EUR).

In 2016 net income of de Volksbank N.V. was 329.00 mln EUR. Decline compared to the previous period (2015) was -5.46%. The evolution of the net income of de Volksbank N.V. is shown at Chart 2 below.

Net Income of de Volksbank N.V..

Chart 2. Net Income of de Volksbank N.V..

Market Position and Market Share (among banks in the Netherlands)

Total Assets (2016)
4th

In 2016 de Volksbank N.V. was the 4th largest bank in the Netherlands in terms of total assets.

Several banks with market shares closest to de Volksbank N.V. are shown below.

RankNameTotal Assets
3 ABN AMRO Bank NV394482.00 mln EUR
4 de Volksbank N.V.61561.00 mln EUR
5 NIBC Bank N.V.23580.00 mln EUR
 

Credit Ratings (as of Apr 2016)

Fitch Moody's
BBB+ (good credit quality) Baa1 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. de Volksbank N.V. is rated by Fitch and Moody's.

Credit ratings assigned to de Volksbank N.V. as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for de Volksbank N.V. it is set to BBB+ (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for de Volksbank N.V. is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb+
Support Rating  5
Support Rating Floor  NF

Viability rating for de Volksbank N.V. is set to bbb+ (good fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for de Volksbank N.V. it is set to Baa1 (lower medium grade). Long-term bank deposit rating is Baa1 (lower medium grade). Bank financial strength rating is baa3. Short-term rating is not assigned.

Long-Term Rating  Baa1
Long-Term Bank Deposit Rating  Baa1
Bank Financial Strength Rating  baa3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of de Volksbank N.V. is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the Netherlands are obliged to participate in the Netherlands' deposit guarantee scheme.

In the case of de Volksbank N.V. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Accounts  nearly every payment or savings account, current account or term deposit is covered
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of de Volksbank N.V. and its components are shown in the table below.

BIC  SNSBNL2A
Bank BIC Code  SNSB
Country Code  NL (Netherlands)
Location Code  2A
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of de Volksbank N.V. is shown in the table below.

MFI ID  NL578