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.
Becoming a client of de Volksbank NV can be done in a few steps:
de Volksbank NV is the 4th largest bank in the Netherlands in terms of total assets. In 2018 its total assets were 60 948,00 mln EUR. In 2018 the bank's net income was 268,00 mln EUR.
de Volksbank NV is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade).
de Volksbank NV participates in the deposit guarantee scheme of the Netherlands. This deposit guarantee scheme applies to current accounts, savings accounts, term deposits made by private individuals, legal entities and covers up to up to 100,000 EUR per bank per depositor. de Volksbank NV is a member of Deposit Guarantee Fund (DGF) and makes its contributions into it.
de Volksbank NV is headquartered in Utrecht.