SNS Reaal improves its performance

Financial services group SNS Reaal made net profit of €21m in the first quarter of 2011 and is now expecting a profit for the whole of the year.

Core activities made a profit of &euro78m but &euro57m had to be written off at the property finance unit.
Last year SNS Reaal made a loss of €260m, with a €643 write-off on property financing.

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