De Nederlandsche Bank imposed two separate administrative fines on de Volksbank totalling €20 million, it announced on 30 January 2025, citing serious shortcomings across both anti-money laundering controls and core risk management functions. The Dutch central bank announced both sanctions simultaneously; the larger, prudential fine followed a request from the European Central Bank, which directly supervises de Volksbank as a significant bank.
The larger of the two fines, amounting to €15 million, addresses risk management deficiencies spanning the period from 2018 to 2023. DNB found that de Volksbank's internal governance was ineffective and that the bank's management of credit risk, counterparty risk, capital risk, and operational risk failed to meet the required regulatory standard throughout that five-year period. The second fine, of €5 million, was imposed for serious shortcomings in the bank's anti-money laundering controls.
ABOUT DE VOLKSBANK
De Volksbank, which operates retail banking brands including ASN Bank, RegioBank, and SNS, serves a predominantly retail and SME customer base across the Netherlands. The €15 million fine was imposed at the ECB's request. De Volksbank is ultimately owned by NLFI, the Dutch state investment vehicle.
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