November 6, 2012 / 6:56 AM / 5 years ago

SNS REAAL expects fourth quarter loss

AMSTERDAM, Nov 6 (Reuters) - SNS Reaal said on Tuesday it expected to post a net loss in the fourth quarter of 2012 due to loan impairments in the retail and commercial banking businesses.

The Dutch financial services group said it also expects to take a restructuring charge in the last quarter of the year related to its business loans operations.

“Volatility on financial markets may continue to have a material impact on results. Due to the above-mentioned factors, SNS REAAL expects to report a net loss for the fourth quarter of 2012,” it said in a statement. (Reporting by Anthony Deutsch)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below