De Volksbank is facing a fine from the Dutch central bank (DNB) over alleged shortcomings in risk management, the state-owned lender said on Friday.

The bank, which incorporates several smaller Dutch banks such as SNS and ASN that were nationalised in the wake of the 2008-2009 financial crisis, disclosed the findings along with its first-half results.

This is the second fine De Volksbank has faced after DNB found the bank’s anti-money laundering systems inadequate last year.