Dutch central bank starts retaining €500m yearly as risk provision
Provision will cover bank against credit and interest rate risk
The Netherlands Bank (DNB) plans to set aside €3 billion ($3.4 billion) over the next six years as a provision "for credit- and interest-rate risk", a spokesman has confirmed. The bank plans to retain €500 million of its income annually until 2021 for this purpose.
The plan for the risk provision would be re-evaluated on an annual basis, the spokesman says. The DNB would look every year at the "required size of the provision and the speed at which to build it".
Evaluations would be "based on the
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