SNS REAAL was a Dutch financial institution in insurance and banking which focused on the private market and small to medium businesses. It became a government-owned corporation after its nationalisation in 2013 and in 2017.
The services to private and corporate clients are mainly from SNS Bank and insurance brand REAAL. SNS Bank served its customers through its own stores, independent intermediaries, internet, and telephone. REAAL sold its products and services exclusively through independent brokers.
As of 2011 the company had assets amounting to €132 billion, with about 7,000 full-time equivalent employees.
IPO
SNS was listed on the Euronext Amsterdam from 18 May 2006[3] until 31 January 2013. The "Foundation SNS REAAL" sold part of its stake in the company, its share decreased from 100% to 65.5%. The sale resulted in proceeds of approximately €950 million. At the flotation, SNS REAAL also gave out about 25 million new shares, this yielded €415 million. The shares were placed at a price of €17 each. End of 2006, the market capitalization of SNS amounted to €3.9 billion. The importance of the foundation in SNS later fell to just over 50%.