Brussels, 19/12/2011 (Agence Europe) - On Monday 19 December, the European Commission approved the additional commitments made by the Dutch banking insurance company SNS REAAL with regard to a repayment timetable for the capital injection agreed to it by the Dutch state in 2008 (approved by the Commission in January 2010). At the time of the temporary approval for the measure in 2008 and in order to ensure that the state received appropriate remuneration, the Commission requested that SNS re-notified the measure, if no dividends and coupons had been paid to the state for two consecutive years. In line with its commitments, SNS notified the measure after not having paid dividends in 2011. In order to achieve a sufficient remuneration despite the unpaid coupons on the state capital, SNS committed to a binding repayment schedule, whereby all outstanding state capital would be repaid at 150% of the issue price. Monday's decision introduces sufficient guarantees to ensure that SNS has sufficient incentives to comply with the repayment schedule. (FG/transl.fl)