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17. Subordinated liabilities

This relates to a 10-year bond loan dated 12 July 2006. The nominal interest rate is 5.625% and the issue price is at 99.314%. The bonds are subordinated to other liabilities. During the life of the bond, the Bank can purchase and cancel bonds, subject to the consent of the Dutch Central Bank.

In connection with differences between the acquisition prices and redemption values, as at 31 December 2013 an amount of EUR 13 (2012: EUR 17) has been included under Prepayments and accrued income.

The movement in subordinated liabilities is as follows:

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Amounts in thousands of EUR

2013

2012

 

 

 

Balance sheet value as at 1 January

5,300

15,300

Withdrawal

–10,000

 

 

 

 

 

 

Balance sheet value as at 31 December

5,300

5,300