URGENT ¥¥¥ Dutch state nationalises troubled bank SNS Reaal: minister

The Dutch state on Friday nationalised troubled banking and insurance group SNS Reaal, at a cost of 3.7 billion euros, Finance Minister Jeroen Dijsselbloem said.

"Today, SNS Reaal has been fully taken over by the Dutch state. I have nationalised SNS Reaal," Dijsselbloem told a press conference.