Dutch Banks May Return To 'Normal' Profits By 2012 -Central Bank
15 September 2010 - 8:01PM
Dow Jones News
Profitability of Dutch banks will be moderate in coming years
and may only return to historically normal levels by 2012, the
Dutch Central Bank said Wednesday.
The central bank, known as the DNB, said in a report that
profitability of Dutch banks decreased in the second quarter after
an improved performance in the previous one, mainly due to higher
costs and bad-loan provisions. It said that, based on its own
calculations, banks' profitability may return to historical normal
levels by 2012, with a return on assets of roughly 0.6%. In 2009,
the Netherlands' banks recorded a negative return on assets.
The DNB noted that Dutch banks' access to capital market-funding
has improved, and that none of them have raised money through
government-backed loans in the first half of this year. The banks
are also tapping lower amounts from the euro zone's lender of last
resort, the European Central Bank. At the end of the
second-quarter, Dutch banks loaned a total of EUR71 billion, from
EUR150 billion at the height of the financial crisis, the DNB
said.
The central bank said that Dutch banks should attract more
long-term funding, for example on the securitization market, and
that they should try to attract more retail funding to become less
dependent on the volatile capital markets.
The Dutch banking sector was one of the hardest-hit by the
global credit crunch, and the Dutch government had to step in
several times for rescue. The crisis led to the nationalization of
the Dutch parts of former financial-services giant Fortis Holding,
which are currently being merged to form ABN Amro Bank NV. It also
led to multi-billion rescue operations for ING Groep NV (INGA.AE)
and SNS Reaal NV (SR.AE).
-By Maarten van Tartwijk; Dow Jones Newswires; +31 20 571 5201;
maarten.vantartwijk@dowjones.com
First Natl Bancshares Fla (NYSE:FLB)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
First Natl Bancshares Fla (NYSE:FLB)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über First Natl Bancshares Fla (New York Börse): 0 Nachrichtenartikel
Weitere First Natl Bancshares Fla News-Artikel