Press Release: State aid: Commission approves restructuring plan of Dutch bank insurance company SNS REAAL

The European Commission on 19 December 2013 found the restructuring plan of the Dutch bank insurance company SNS REAAL to be in line with EU state aid rules. The plan notified by the Dutch authorities will enable the company to become viable in the long term without unduly distorting competition in the EU internal market. On this basis, the Commission has concluded that the aid measures granted by the Dutch state to SNS REAAL are in line with its rules on state aid for the restructuring of banks during the crisis