AMSTERDAM Jan 22 Dutch bank and insurer SNS
Reaal said on Tuesday the Dutch tax prosecutor is
investigating former clients of its property finance subsidiary.
"Property Finance is not the subject of investigation. It
concerns former clients, property projects which we have
financed," an SNS Reaal spokesman told Reuters, confirming a
Analysts expect SNS Reaal to require a second bailout from
the state after booking more than 1.3 billion euros ($1.7
billion) of net losses on its property loans since 2009.
(Reporting by Gilbert Kreijger; Editing by Sara Webb)