By using our website you agree that we can place cookies on your device. More information including how to disable cookies is available in our Cookie Statement

17. Subordinated liabilities

This relates to a 10-year bond loan as at 12 July 2006. The nominal interest rate is 5.625% and the issue price is 99.314%. The bonds are subordinated to all other liabilities. During the life of the bond loan, the bank can purchase and cancel bonds, subject to the consent of the Dutch Central Bank.

In connection with differences between the acquisition prices and redemption values, as at 31 December 2012 an amount of EUR 17 (2011: EUR 61) has been included under Payments and accrued income.

The movement in subordinated liabilities is as follows:

Download XLS

Amounts in thousands of EUR

2012

2011

 

 

 

Balance sheet value as at 1 January

15,300

22,800

Withdrawal

–10,000

–7,500

 

 

 

 

 

 

Balance sheet value as at 31 December

5,300

15,300