NN Group Outlines a Broader Move Into Dutch Banking
According to an article in banken.nl, Nationale Nederlanden has outlined its desire to move more fully into the Dutch banking market with the development of current accounts, debit cards, and various savings and mortgage applications. This is a move forward from the business’ traditional mortgage business with more long-term orientated savings, and it helps NN pursue customers who want all their financial products from one provider. We maintain our fair value estimate and our no-moat rating.