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Acquiring a bank

Acquiring a bank is complicated transaction. It involves all the processes of acquisition including receiving financial regulatory approvals.
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  • NETHERLANDS

    Inhabitants - 16,847,007 (July 2011)

    Language - Dutch (official), Frisian (official)

    Currency - EURO (EUR)

    Religion - Roman Catholic 30%, Protestant 20% (Dutch Reformed 11%, Calvinist 6%, other Protestant 3%), Muslim 5.8%, other 2.2%, none 42%

    Politics - The politics of the Netherlands take place within the framework of a parliamentary and representative democracy, a constitutional monarchy and a decentralised and unitary state. The Netherlands are described as a consociation state. Dutch politics and governance are characterised by a common striving for broad consensus on important issues, within both the political community and society as a whole.

  • Major industries - agro industries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing

    Banks (2010) - 86 banks; 2,491 branches; 131,656 employees; assets – EUR 2,259 trillion; loans – EUR 985,21 billion; deposits –EUR 810,65 billion 

    Banking regulations – In the Netherlands there are two supervision authorities The Dutch National Bank, De Nederlandsche Bank (DNB) and the Authority for the Financial Markets, Autoriteit Financiële Markten (AFM). Prudential supervision addresses the question of whether participants in the financial markets can rely on their contracting parties being able to meet their financial obligations. The Dutch National Bank is responsible for prudential supervision. The supervision of market conduct focuses on the question of whether the participants in the financial markets are handled properly and whether they have accurate information. This supervision is the responsibility of AFM.

  • It has been responsible for supervising the operation of the financial markets since 1 March 2002. The establishment of the AFM is a result of the policy document 'Review of the supervision of the financial market sector' ('Herziening van het toezicht op de financiëlemarktsector') of the Ministry of Finance. Accordingly, sector-based supervision has been replaced by function-based supervision, which is divided into prudential supervision and supervision of market conduct. The minimum amount of own funds for a bank shall be at least EUR 5 million.