Skip to main content
Home
  • About us
    • Who we are
      • Our history
      • Our customers
      • Our brand
      • Art at Aegon
    • What we do
      • Our businesses
      • Our strategy
      • Integrated Annual Report
    • Governance
      • Board of Directors
      • Executive Committee
      • Compliance
      • Governance documents
  • Investors
    • General
      • Analyst consensus
      • Annual reports
      • Financial calendar
      • Financial results
      • Aegon and IFRS 17
      • Capital Markets Day
      • Presentations archive
    • Capital & liquidity
      • About debt programs
      • Debt program Aegon
      • Dividend
      • Ratings
      • Share buyback program
    • Shareholders & AGM
      • Redomiciliation
      • Annual General Meeting
      • Extraordinary General Meeting
      • Major shareholders
      • Retail US shareholders
      • Share price tool
      • Contact investor relations
  • Newsroom
    • News
      • All News
      • Press releases
    • Media relations
      • Contact media relations
      • Media kit
  • Sustainability
    • Focus themes
      • Climate change
      • Inclusion & diversity
    • Our approach
      • Ambition & governance
      • Commitments, ratings & recognition
      • Reports & policies library
    • Stakeholder value
      • Responsible investment
      • Responsible tax
      • Community investments
      • Government & policy affairs
      • Human rights
      • Responsible procurement
      • Customer experience
      • Engaged workforce
  • Careers
    • Vacancies
      • Search
    • Working at Aegon
      • Inclusion & Diversity
      • Why Aegon?
    • Careers at Aegon
      • Career development
      • Graduates & Interns
  • Aegon country websites

    Select another Aegon website from the list of links below.
    • country flag
      Aegon Life (India)
    • country flag
      Transamerica (USA)
    • country flag
      Aegon Spain
    • country flag
      Mongeral Aegon (Brazil)
    • country flag
      Aegon Asset Management
    • country flag
      Aegon THTF (China)
    • country flag
      Aegon United Kingdom
  • Filters
    Article Type

Aegon Completes Repayment To Dutch State

June 15, 2011, 10:00 CEST
2 minutes

Breadcrumb

  1. Press releases

Aegon today fulfils its key objective of repurchasing all of the EUR 3 billion core capital securities issued to the Dutch State at the height of the financial crisis in 2008.

[node:field_featured_media:entity:field_media_image]
  • Final payment to the Dutch State amounts to EUR 1.125 billion:
    - EUR 750 million for repurchase of 187.5 million convertible core capital securities
    - EUR 375 million premium

Aegon today fulfils its key objective of repurchasing all of the EUR 3 billion core capital securities issued to the Dutch State at the height of the financial crisis in 2008. The Dutch Central Bank (DNB) has given its consent to Aegon’s repurchase of EUR 750 million of core capital.

The total amount Aegon has paid to the Dutch State amounts to EUR 4.1 billion. Of this amount, EUR 3 billion covered the original issue of core capital securities, while an additional EUR 1.1 billion was paid in premium and interest. With the repayment completed, the company will now focus on carrying out its strategy to deliver sustainable earnings growth with an improved risk-return profile.

“Aegon has turned a decisive corner and is today a significantly transformed company,” said CEO Alex Wynaendts. “Over the past three years, we have implemented a broad range of strategic actions to create a more focused, cost and capital efficient organization, with a strong balance sheet and a substantially reduced risk profile. In addition, we have divested or put into run-off a number of businesses that did not meet our risk/return profile and which we concluded would not contribute to Aegon’s growth prospects. We are now in a much better position to continue to put Aegon’s considerable expertise and resources to work for our 40 million customers in Europe, the Americas and Asia.

“It has been our top priority to complete the repurchase of the capital securities issued to the Dutch State at the earliest opportunity. We are grateful to the Ministry of Finance and Dutch Central Bank for their support during the period of extreme economic turmoil and uncertainty that Aegon faced and successfully weathered. We are also grateful to our business partners and many customers for their continued confidence in Aegon. With the repayment to the Dutch State now completed, we have set our sights toward capturing the substantial opportunities for our core business of life insurance, pension and retirement services and asset management.”

Related Links

Print version (English)
PDF 79.79 KB
Printversie (Dutch)
PDF 76.24 KB
  • Global
  • Dutch

Contact

  • Media relations
  • Investor relations
  • About us
    • Who we are
    • What we do
    • Governance
    • Contact Aegon
  • Investors
    • General
    • Capital & liquidity
    • Shareholders & AGM
  • Newsroom
    • News
    • Media relations
  • Sustainability
    • Our focus themes
    • Our approach
    • Stakeholder value
  • Careers
    • Vacancy search
    • Working at Aegon
Site logo
  • Privacy statement
  • Cookie statement
  • Accessibility
  • Disclaimer
Aegon ©2023