Debt information

Customer deposits are ASN Bank’s main source of funding. In addition, we also attract long-term funding from capital markets to optimise the bank’s liquidity and funding profile. This section provides access to the final terms and related documentation of all outstanding instruments.

The objective of our funding strategy is to optimise the bank’s liquidity and funding profile and to ensure access to diversified funding sources to maintain the bank’s short-term and long-term funding position. As a retail bank ASN Bank primarily uses savings for its funding. We attract funding by providing term deposits, demand deposits and current accounts to retail customers. We also attract funding by providing savings and current accounts to SME customers.

In addition to attracting customer deposits, we also attract long-term funding from capital markets. For regulatory purposes and funding diversification, this funding is attracted through various instruments with different terms and investor types spread over regions.

In addition to (subordinated) capital market funding to strengthen the bank's capital and MREL position, ASN Bank can issue capital market funding with maturities over one year through senior (unsubordinated) unsecured debt, (mortgage) securitisations (RMBS) and covered bonds. The covered bond programme not only permits the issue of public covered bonds but also of private placements. We issue short-term funding with a term of up to one year in the money markets via our Euro Commercial Paper (ECP) and Negotiable European Commercial Paper (NEUCP) programmes.