De Volksbank (2019)

Adoption Date: 25 Nov 2009
Region of Headquarters: Europe
Current EPFI Reporting Year/Period: 2019
Institutional Reporting: Link to Report

 

Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.

Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.

Project Finance Advisory Services

Total number mandated in the reporting period: 0

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 0

Project-related Refinance & Project-related Acquisition For Project Finance

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 0

Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Implementation of the Equator Principles

De Volksbank has four brands (ASN Bank, BLG Wonen, SNS and RegioBank). ASN Bank is the only brand which finances projects. An important distinction must be made between ASN Bank and ASN Investment Funds (ASN Beleggingsfondsen N.V.). Both are part of de Volksbank but ASN Bank operates under the banking license of de Volksbank. The ASN Investment Funds operate under their own license. Below we will make a distincion between ASN Bank and ASN Investement Funds.

ASN Bank:
In 2019, we did not provide any loans subject to the Equator Principles. The Equator Principles describe three risk categories, ranging from potential significant adverse social or environmental impacts (category A) to minimal or no social or environmental impacts (C). ASN Bank endorses the Equator Principles. In addition to our own sustainability criteria, we apply the Equator Principles to all project finance in excess of USD 10 million (i.e. € 8 million).

ASN Investment Funds:
In 2019, we did not provide any loans subject to the Equator Principles. The Equator Principles describe thee risk categrories, raning from potential significant adverse social or environmental impacts (category A) to minimal or no social or environmental impacts (C). In addition to our own sustainability criteria, we apply the Equator Principles to all project finance in exccess of USD 10 million (i.e. € 8 million). The projects outside Europe are researsched by FMO and they conduct a very extensive due dilligence including the IFC performance standards.

Volksbank

ASN Bank

ASN Investment Funds