AMSTERDAM, Oct 10 (Reuters) - Dutch banks and insurers on Friday welcomed the Dutch government's plan to set aside 20 billion euros ($27.5 billion) in capital to protect the country's financial sector, but reactions among them were mixed.
The following are the reactions from the nation's financials:
- ING said it welcomed the plans as "important and necessary steps to restore confidence and bring stability", adding that as a financially solid company it will assess the plan and the possible implications once more details are available.
- A spokesman for Aegon gave no comment on whether the insurer would tap into the Dutch government's funding, but said the group welcomed the measures. Aegon reiterated Thursday's statement that it is taking steps to enhance its capital position and reduce risk. The insurer had also said it expected to maintain a level of capital above AA requirements and a strong liquidity position.
- Mid-cap SNS Reaal said it did not need to use the government's funding. "Our bank does not have liquidity or solvency problems," spokeswoman Erna van der Neut said, adding that SNS can also obtain 500 million euros in capital from an independent foundation if necessary.
- Thierry Schaap, the chief executive of online brokerage BinckBank, said the company did not intend to use the cash, a comment echoed by Floris Deckers, chief executive of Dutch private bank Van Lanschot.
- Unlisted Dutch bank NIBC, whose merger plans with Kaupthing Bank were scrapped earlier this year, said it had solved its problems. "We were one of the first to take action and we solved our US problem quite definitely," an NIBC spokesman said. "NIBC is not the one they should be worried about at the moment."
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