Aegon N.V. has informed the US Department of the Treasury that it is withdrawing its application for participation in the Troubled Asset Relief Program (TARP).
[node:field_featured_media:entity:field_media_image]"Aegon has decided not to seek access to TARP funds," said Aegon Chief Financial Officer Jos Streppel. "The ongoing steps we are taking have positioned Aegon to enter 2009 with a strong capital position."
Aegon has also withdrawn its application to the Office of Thrift Supervision in the United States to gain a thrift charter, a prerequisite for participation in TARP.