AEGON Bank N.V. Monthly Investor Report Dutch National ......S&P Moody's Fitch Other UCITS compliant...

www.intertrustgroup.com Report Version 2.1 - February 2016

Reporting Date: 26 September 2016

AMOUNTS ARE IN EURO

Intertrust Administrative Services

[email protected]

Dutch National Transparency Template

Covered Bond

Reporting period: 1 August 2016 - 31 August 2016

AEGON Bank N.V.

Monthly Investor Report

Stratifications 9

Glossary 26

Contact Information 28

Ledgers & Investments 6

Regulatory Information 7

Delinquencies 8

Covered Bonds 3

Asset Cover Test 4

Counterparty Credit Ratings & Triggers 5

AEGON Bank N.V.

Investor Report: 1 August 2016 - 31 August 2016

Table of Contents

Page

2 of 28

ISIN CurrencyInitial Principal

Balance*

Outstanding

Amount* Coupon

Issuance

Date

Redemption

Type

LCR HQLA

Category

XS1327151228 EUR 750,000,000 750,000,000 0.2500% 01/12/15 Pass-through L1

XS1418849482 EUR 500,000,000 500,000,000 0.2500% 25/05/16 Pass-through L1

* Amounts to be reported in the relevant currency, and also the euro-equivalent amounts

The issuer believes that, at the time of its issuance and based on transparency data made publicly available by the issuer, this bond would satisfy the eligibility criteria for its classification as a Level 1 or

Level 2 asset in accordance with Chapter 2 of the LCR delegated act. It should be noted that whether or not a bond is a liquid asset for the purposes of the Liquidity Coverage Ratio under Regulation (EU)

575/2013 is ultimately a matter to be determined by a relevant investor institution and its relevant supervisory authority and the issuer does not accept any responsibility in this regard.

Series Number 1 -

Tranche Number 1

01/12/20

Series Number 2 -

Tranche Number 2

25/05/23

AEGON Bank N.V.


Covered Bonds

SeriesMaturity

DateIRS Counterparty

3 of 28

Asset Cover Test

A

B

C

D

E

X

Y

Z

Total: A+B+C+D+E-X-Y-Z

Outstanding bonds

Pass/Fail

ACT Cover Ratio

Parameters

Asset percentage

Cap LTV Cut-Off indexed valuation % non-NHG

Cap LTV Cut-Off indexed valuation % NHG

% of Index Increases

% of Index Decreases

Reserve Fund

Reserve Account Required Amount

Supplemental Liquidity Reserve Amount

Deduction Set-Off

Ratings

S&P

Moody's

Fitch

Other

UCITS compliant

CRR compliant

ECBC Label compliant

Overcollateralisation

Legally required minimum OC

Documented minimum OC

Available Nominal OC

First Regulatory Current Balance Amount test

Ratio

Pass / Fail

Second Regulatory Current Balance Amount test

Ratio

Pass / Fail

130%

Pass

2,519,852.35

142%

Pass

5.00%

10.00%

42.14%

True

True

True

AAA

N/A

AAA

90.00%

100.00%

5,000,000.00

0.00

286,917.31

93.00%

80.00%

80.00 %

1,626,830,159.92

1,250,000,000.00

Pass

130.15%

0.00

0.00

0.00

0.00

1,621,830,159.92

5,000,000.00

0.00

0.00

AEGON Bank N.V.


Asset Cover Test

4 of 28

Role Party Rating

trigger

Current

rating

Rating

trigger

Current

rating

Rating

trigger

Current

rating

Consequence if breached*

CBC ACCOUNT BANK N.V. Bank Nederlandse

Gemeenten

/ A / AAA / / F1 / A / Another party (with sufficient

ratings) has to fulfill the CBC

Account Bank role or guarantee

the relevant CBC Account Bank

obligations

ISSUER AEGON Bank N.V. A-1 / A A-1 / A+ / / F1 / A / Set off retail savings at issuer

account above deposit guarantee

scheme

* Event is triggered if credit rating is below the rating as mentioned in the table

Current

rating

Rating

triggerF1+ / AA+ /

F2 / A- /

AEGON Bank N.V.


Counterparty Credit Ratings & Triggers

S&P (ST/LT) Moody's (ST/LT) Fitch (ST/LT) DBRS (ST/LT)

5 of 28

Ledgers

Investments

Liquidity Buffer

Available Liquidity Buffer 5,000,000.00

Inflows 0.00

Cash 5,000,000.00

Bonds 0.00

Outflows 0.00

Required Liquidity Buffer 0.00

Substitution Assets Balance 0.00

Authorised Investments Balance 0.00

Total 0.00

Principal Ledger 0.00

Reserve Fund Ledger 0.00

Total 0.00

AEGON Bank N.V.


Ledgers & Investments

Revenue Ledger 0.00

6 of 28

Legally required minimum OC table Asset Cover Test

Documented minimum OC table Asset Cover Test

Nominal OC table Asset Cover Test

(b) the issuer makes the information referred to in point (a) available to

the institution at least semi annually.

table Portfolio Characteristics

Overcollateralisation

maturity structure of cover assets table 6 Legal Maturity

maturity structure of covered bonds table Covered Bonds

(iv) the percentage of loans more than ninety days past due; table Delinquencies

See base prospectus for information about hedging

Only EUR denominated mortgages: see BP

(iii) the maturity structure of cover assets and covered bonds; and

interest rate risk and currency risk table Covered Bonds for coupon and currency information of the covered bonds

table 10 Coupon for coupons of mortgages

table Counterparty Ratings & Triggers for IRS/TRS information

geographical distribution of cover assets table 14 Geographical Distribution

type of cover assets table Portfolio Characteristics

loan size table 3 Outstanding Loan Amount

value of the cover pool table Portfolio characteristics

value of the outstanding covered bonds table Covered Bonds

(ii) the geographical distribution and type of cover assets, loan size,

interest rate and currency risks;

CRR Article 129

Article 129 CRR "Exposures in the form of covered bonds"

(7) Exposures in the form of covered bonds are eligible for preferential treatment, provided that the institution investing in the covered bonds can

demonstrate to the competent authorities that:

(a) it receives portfolio information at least on:

(i) the value of the covered pool and outstanding covered bonds;

AEGON Bank N.V.


Regulatory Information

7 of 28

Until ( <= ) Arrears Amount Aggregate

Outstanding Not.

Amount

% of Total Nr of Mortgage

Loans

% of Total Weighted Aveage

CLTIMV

Performing 0.00 1,771,888,874.68 99.88% 9,533 99.87% 80.65%

30 days 3,422.35 949,952.83 0.05% 6 0.06% 87.07%

60 days 6,895.57 1,113,805.26 0.06% 5 0.05% 85.78%

90 days 898.23 128,000.00 0.01% 1 0.01% 78.49%

120 days 0.00 0.00 0.00% 0 0.00% 0.00%

150 days 0.00 0.00 0.00% 0 0.00% 0.00%

180 days 0.00 0.00 0.00% 0 0.00% 0.00%

> 0.00 0.00 0.00% 0 0.00% 0.00%

Total 11,216.15 1,774,080,632.77 100.00% 9,545 100.00% 80.66%3.66% 28.66

150 days 0.00% 0.00

180 days 0.00% 0.00

90 days 0.00% 0.00

120 days 0.00% 0.00

30 days 3.786% 28.55

60 days 2.80% 26.77

3.657% 28.65

<= 5.315% 30.99

AEGON Bank N.V.


Delinquencies

From ( > ) Weighted

Average

Coupon

Weighted

Average

Maturity

8 of 28

* Since 2013 the Dutch mortgage market transitioned away from foreclosure value and market value became the dominant valuation base. Aegon recently finalized the phased implementation of this

change. As a result the market values might have changed as of this reporting period.

Type of cover assets: Dutch Residential Mortgages

Currency Portfolio: EUR

Frequency of publication National Transparancy Template: Monthly

Weighted average CLTIMV * 80.66%

Maximum current interest rate 7.60%

Minimum current interest rate 1.70%

Weighted average remaining time to interest reset (in years) 13.64

Weighted average seasoning (in years) 2.78

Weighted average CLTOMV * 82.50%

Average principal balance (loanpart) 94,360.97

Weighted average current interest rate 3.66%

Weighted average maturity (in years) 28.66

Number of loans 9,545

Number of loanparts 18,801

Average principal balance (borrower) 185,825.98

Construction Deposits 6,018,572.67

Net principal balance excl. Construction and Saving Deposits 1,768,062,060.10

Principal amount 1,856,159,093.57

Value of saving deposits 82,078,460.80

Net principal balance 1,774,080,632.77

AEGON Bank N.V.


Stratifications

Portfolio Characteristics

9 of 28

Aggregate Outstanding Amount % of Total Nr of Loanparts Weighted Average

Maturity (year)

Weighted Average

CLTIMV

Annuity 790,582,965.45 44.56% 7,345 27.77 84.55%

Bank Savings 124,130,942.55 7.00% 1,460 20.39 78.92%

Interest Only 545,372,611.26 30.74% 6,434 35.92 76.03%

Investments 19,650,472.03 1.11% 173 18.38 73.57%

Life Insurance 48,749,396.91 2.75% 536 17.64 82.12%

Linear 90,026,438.93 5.07% 1,013 27.15 77.20%

Savings 155,567,805.64 8.77% 1,840 19.92 81.00%

Other

Total 1,774,080,632.77 100.00% 18,801 28.66 80.66%100.00% 3.66%

5.39% 3.18%

9.79% 5.02%

34.22% 3.53%

0.92% 2.54%

2.85% 4.13%

% of Total Weighted Average

Coupon

39.07% 3.43%

7.77% 4.27%

AEGON Bank N.V.


2. Redemption Type

10 of 28

From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loans Weighted Average

Maturity (year)

Weighted Average

CLTIMV

<= 25,000 663,189.78 0.04% 44 23.61 10.82%

25,000 - 50,000 6,017,215.93 0.34% 149 24.89 23.11%

50,000 - 75,000 16,826,069.79 0.95% 262 24.05 41.33%

75,000 - 100,000 54,362,441.32 3.06% 607 26.48 57.68%

100,000 - 150,000 293,637,960.81 16.55% 2,292 28.90 73.58%

150,000 - 200,000 468,868,968.49 26.43% 2,695 29.22 81.82%

200,000 - 250,000 442,365,481.34 24.93% 1,980 28.55 85.42%

250,000 - 300,000 230,365,017.18 12.99% 852 28.72 86.30%

300,000 - 350,000 97,074,338.50 5.47% 302 28.64 83.11%

350,000 - 400,000 52,545,706.58 2.96% 140 28.36 83.34%

400,000 - 450,000 41,389,333.20 2.33% 98 27.74 81.72%

450,000 - 500,000 18,887,139.26 1.06% 40 28.55 79.96%

500,000 - 550,000 14,637,384.68 0.83% 28 29.22 81.23%

550,000 - 600,000 10,387,727.90 0.59% 18 27.40 86.90%

600,000 - 650,000 9,954,458.81 0.56% 16 27.68 79.43%

650,000 - 700,000 5,409,480.60 0.30% 8 27.73 78.34%

700,000 - 750,000 4,330,035.18 0.24% 6 27.55 75.18%

750,000 - 800,000 5,475,414.96 0.31% 7 28.51 82.09%

800,000 - 850,000

850,000 - 900,000 883,268.46 0.05% 1 28.06 75.91%

900,000 - 950,000

950,000 - 1,000,000

1,000,000 >

Total 1,774,080,632.77 100.00% 9,545 28.66 80.66%100.00% 3.66%

0.07% 3.54%

0.01% 4.14%

0.17% 3.12%

0.08% 3.29%

0.06% 3.10%

0.42% 3.84%

0.29% 3.28%

0.19% 3.54%

3.16% 3.74%

1.47% 3.72%

1.03% 3.73%

28.23% 3.68%

20.74% 3.53%

8.93% 3.74%

2.74% 3.66%

6.36% 3.71%

24.01% 3.75%


Coupon

0.46% 2.94%

1.56% 3.17%

AEGON Bank N.V.


3. Outstanding Loan Amount

11 of 28

From (>=) - Until (<) Aggregate Outstanding Amount % of Total Nr of Loanparts Weighted Average

Maturity (year)

Weighted Average

CLTIMV

< 1996

1996 - 1997

1997 - 1998

1998 - 1999

1999 - 2000

2000 - 2001

2001 - 2002

2002 - 2003

2003 - 2004

2004 - 2005 2,985,592.42 0.17% 23 18.36 73.83%

2005 - 2006 16,926,921.78 0.95% 146 19.73 76.12%

2006 - 2007 6,661,972.47 0.38% 79 26.49 81.24%

2007 - 2008 29,454,158.87 1.66% 419 35.37 86.42%

2008 - 2009 57,487,972.12 3.24% 800 32.89 80.45%

2009 - 2010 81,942,407.25 4.62% 1,006 34.28 85.37%

2010 - 2011 84,508,204.15 4.76% 1,061 35.49 81.16%

2011 - 2012 41,391,221.72 2.33% 501 36.05 87.27%

2012 - 2013 78,274,197.32 4.41% 880 34.62 78.79%

2013 - 2014 40,962,572.68 2.31% 496 24.66 66.42%

2014 - 2015 620,636,772.64 34.98% 6,557 26.53 77.50%

2015 - 2016 610,503,189.43 34.41% 5,810 27.76 83.01%

2016 >= 102,345,449.92 5.77% 1,023 28.38 85.47%

Total 1,774,080,632.77 100.00% 18,801 28.66 80.66%

30.90% 3.19%

5.44% 3.08%

100.00% 3.66%

4.68% 4.34%

2.64% 2.59%

34.88% 3.69%

5.35% 4.89%

5.64% 4.81%

2.66% 4.60%

0.42% 3.13%

2.23% 4.61%

4.26% 4.99%

0.12% 2.40%

0.78% 2.46%


Coupon

AEGON Bank N.V.


4. Origination Year

12 of 28


Maturity (year)

Weighted Average

CLTIMV

< 1 year 210,912,502.21 11.89% 2,003 28.22 86.55%

1 year - 2 years 661,419,218.54 37.28% 6,542 27.43 81.26%

2 years - 3 years 472,198,867.47 26.62% 4,978 26.49 76.79%

3 years - 4 years 41,995,635.40 2.37% 498 24.45 67.17%

4 years - 5 years 94,703,661.15 5.34% 1,080 36.28 82.99%

5 years - 6 years 17,457,694.33 0.98% 226 35.37 82.77%

6 years - 7 years 119,775,037.78 6.75% 1,475 35.51 82.45%

7 years - 8 years 52,004,657.52 2.93% 669 33.07 85.44%

8 years - 9 years 54,415,253.65 3.07% 760 33.18 80.59%

9 years - 10 years 25,628,289.67 1.44% 363 35.06 85.94%

10 years - 11 years 7,562,708.67 0.43% 70 22.23 81.08%

11 years - 12 years 15,113,444.94 0.85% 130 19.46 75.06%

12 years - 13 years 893,661.44 0.05% 7 16.62 68.49%

13 years - 14 years

14 years - 15 years

15 years - 16 years

16 years - 17 years

17 years - 18 years

18 years - 19 years

19 years - 20 years

20 years - 21 years

21 years - 22 years

22 years - 23 years

23 years - 24 years

24 years - 25 years

25 years - 26 years

26 years - 27 years

27 years - 28 years

28 years - 29 years

29 years - 30 years

30 years >

Total 1,774,080,632.77 100.00% 18,801 28.66 80.66%100.00% 3.66%

0.69% 2.41%

0.04% 2.19%

4.04% 4.91%

1.93% 4.46%

0.37% 2.63%

1.20% 4.43%

7.85% 4.84%

3.56% 5.02%

26.48% 3.64%

2.65% 2.72%

5.74% 4.62%


Coupon

10.65% 3.06%

34.80% 3.35%

AEGON Bank N.V.


5. Seasoning

13 of 28


Maturity (year)

Weighted Average

CLTIMV

< 2016

2016 - 2020 554,406.79 0.03% 28 1.64 64.31%

2020 - 2025 4,689,785.68 0.26% 155 6.85 57.85%

2025 - 2030 31,988,818.73 1.80% 579 11.54 64.80%

2030 - 2035 113,784,094.53 6.41% 1,465 16.07 74.35%

2035 - 2040 182,585,519.27 10.29% 2,026 20.98 81.72%

2040 - 2045 667,054,317.36 37.60% 6,750 27.34 78.33%

2045 - 2050 632,088,665.61 35.63% 5,729 28.85 83.84%

2050 - 2055 488,397.46 0.03% 12 37.59 75.75%

2055 - 2060 4,084,485.64 0.23% 66 41.09 80.63%

2060 - 2065 9,506,253.24 0.54% 148 46.15 79.46%

2065 - 2070 21,022,248.36 1.18% 316 51.06 78.85%

2070 - 2075 32,352,608.73 1.82% 462 55.66 84.38%

2075 - 2080 27,624,276.00 1.56% 389 60.69 88.22%

2080 - 2085 28,987,548.97 1.63% 401 65.64 89.05%

2085 - 2090 13,933,681.59 0.79% 220 70.06 90.74%

2090 - 2095 3,335,524.81 0.19% 55 74.04 91.32%

2095 >=

Total 1,774,080,632.77 100.00% 18,801 28.66 80.66%100.00% 3.66%

2.13% 4.61%

1.17% 4.67%

0.29% 4.59%

1.68% 4.16%

2.46% 4.26%

2.07% 4.47%

0.06% 4.61%

0.35% 4.40%

0.79% 4.50%

10.78% 4.13%

35.90% 3.70%

30.47% 3.16%

0.82% 3.93%

3.08% 4.56%

7.79% 4.23%


Coupon

0.15% 3.37%

AEGON Bank N.V.


6. Legal Maturity

14 of 28


Maturity (year)

Weighted Average

CLTIMV

1 year 154,671.29 0.01% 10 0.64 72.21%

1 year(s) - 2 year(s) 216,623.19 0.01% 6 1.61 64.46%

2 year(s) - 3 year(s) 127,362.88 0.01% 8 2.26 64.06%

3 year(s) - 4 year(s) 194,869.45 0.01% 18 3.51 53.34%

4 year(s) - 5 year(s) 445,907.93 0.03% 17 4.44 65.83%

5 year(s) - 6 year(s) 528,919.06 0.03% 22 5.60 62.97%

6 year(s) - 7 year(s) 967,294.19 0.05% 29 6.60 52.81%

7 year(s) - 8 year(s) 1,781,638.81 0.10% 46 7.60 58.72%

8 year(s) - 9 year(s) 2,817,921.23 0.16% 75 8.50 60.11%

9 year(s) - 10 year(s) 2,769,888.70 0.16% 64 9.51 62.63%

10 year(s) - 11 year(s) 5,154,052.85 0.29% 101 10.52 60.88%

11 year(s) - 12 year(s) 8,401,546.29 0.47% 147 11.55 63.89%

12 year(s) - 13 year(s) 8,760,039.45 0.49% 142 12.55 66.16%

13 year(s) - 14 year(s) 14,398,859.01 0.81% 209 13.46 70.70%

14 year(s) - 15 year(s) 20,824,444.03 1.17% 296 14.50 72.99%

15 year(s) - 16 year(s) 25,555,239.72 1.44% 327 15.46 71.53%

16 year(s) - 17 year(s) 19,963,728.37 1.13% 248 16.45 77.04%

17 year(s) - 18 year(s) 25,329,872.37 1.43% 318 17.54 76.47%

18 year(s) - 19 year(s) 41,923,508.36 2.36% 471 18.48 75.98%

19 year(s) - 20 year(s) 28,989,395.24 1.63% 323 19.44 78.87%

20 year(s) - 21 year(s) 28,608,250.53 1.61% 338 20.49 81.57%

21 year(s) - 22 year(s) 36,430,466.04 2.05% 413 21.54 82.29%

22 year(s) - 23 year(s) 34,168,668.97 1.93% 364 22.52 85.53%

23 year(s) - 24 year(s) 66,322,950.67 3.74% 681 23.39 84.37%

24 year(s) - 25 year(s) 14,348,930.79 0.81% 159 24.43 84.27%

25 year(s) - 26 year(s) 38,419,918.83 2.17% 384 25.40 88.45%

26 year(s) - 27 year(s) 37,231,122.15 2.10% 430 26.44 66.92%

27 year(s) - 28 year(s) 341,508,776.80 19.25% 3,358 27.80 77.15%

28 year(s) - 29 year(s) 629,902,863.15 35.51% 5,972 28.48 81.36%

29 year(s) - 30 year(s) 196,481,877.62 11.08% 1,755 29.31 87.10%

30 year(s) >= 141,351,024.80 7.97% 2,070 58.73 85.58%

Total 1,774,080,632.77 100.00% 18,801 28.66 80.66%

9.33% 3.03%

11.01% 4.43%

100.00% 3.66%

2.29% 2.58%

17.86% 3.58%

31.76% 3.37%

3.62% 4.67%

0.85% 4.02%

2.04% 4.68%

1.80% 4.10%

2.20% 4.43%

1.94% 4.43%

1.69% 4.07%

2.51% 3.53%

1.72% 3.60%

1.57% 4.28%

1.74% 4.49%

1.32% 4.25%

0.78% 4.64%

0.76% 4.65%

1.11% 4.54%

0.40% 4.04%

0.34% 4.25%

0.54% 4.27%

0.12% 3.88%

0.15% 4.44%

0.24% 3.77%

0.04% 4.34%

0.10% 3.97%

0.09% 3.40%


Coupon

0.05% 2.06%

0.03% 3.32%

AEGON Bank N.V.


7. Remaining Tenor

15 of 28


Maturity (year)

Weighted Average

CLTIMV

NHG 1,129,349,011.31 63.66% 6,733 29.25 84.97%

<= 10 % 470,012.83 0.03% 27 25.46 7.24%

10 % - 20 % 3,692,791.31 0.21% 72 25.33 15.77%

20 % - 30 % 8,132,527.98 0.46% 105 25.77 24.77%

30 % - 40 % 16,963,007.68 0.96% 154 25.95 34.10%

40 % - 50 % 45,531,745.67 2.57% 295 26.51 44.24%

50 % - 60 % 60,349,155.50 3.40% 310 27.09 53.24%

60 % - 70 % 98,234,748.06 5.54% 436 26.93 62.16%

70 % - 80 % 124,043,498.86 6.99% 476 27.58 72.08%

80 % - 90 % 75,697,925.67 4.27% 280 28.24 83.05%

90 % - 100 % 139,855,446.12 7.88% 446 28.47 91.67%

100 % - 110 % 71,760,761.78 4.04% 211 28.20 96.40%

110 % - 120 %

120 % - 130 %

130 % - 140 %

140 % - 150 %

150 % >

Total 1,774,080,632.77 100.00% 9,545 28.66 80.66%100.00% 3.66%

2.21% 3.72%

4.99% 3.43%

2.93% 3.91%

4.67% 3.89%

3.09% 3.19%

3.25% 3.30%

4.57% 3.37%

0.75% 2.77%

1.10% 3.00%

1.61% 3.03%


Coupon

70.54% 3.72%

0.28% 2.20%

AEGON Bank N.V.


8. Current Loan to Original Market Value

16 of 28


Maturity (year)

Weighted Average

CLTIMV

NHG 1,129,349,011.31 63.66% 6,733 29.25 84.97%

<= 10 % 470,012.83 0.03% 27 25.46 7.24%

10 % - 20 % 4,417,352.81 0.25% 85 25.89 16.24%

20 % - 30 % 9,350,711.98 0.53% 109 26.18 26.05%

30 % - 40 % 21,197,573.22 1.19% 183 26.09 35.90%

40 % - 50 % 51,673,443.78 2.91% 312 26.33 45.89%

50 % - 60 % 76,001,898.25 4.28% 378 26.93 55.73%

60 % - 70 % 105,945,043.28 5.97% 446 27.10 64.99%

70 % - 80 % 108,686,433.52 6.13% 405 27.44 74.52%

80 % - 90 % 102,348,883.35 5.77% 351 27.71 85.71%

90 % - 100 % 154,125,905.77 8.69% 481 28.71 94.95%

100 % - 110 % 10,514,362.67 0.59% 35 34.26 101.12%

110 % - 120 %

120 % - 130 %

130 % - 140 %

140 % - 150 %

150 % >

Total 1,774,080,632.77 100.00% 9,545 28.66 80.66%100.00% 3.66%

0.37% 3.79%

4.24% 3.51%

3.68% 3.89%

5.04% 3.82%

3.27% 3.21%

3.96% 3.33%

4.67% 3.41%

0.89% 2.77%

1.14% 2.98%

1.92% 3.09%


Coupon

70.54% 3.72%

0.28% 2.20%

AEGON Bank N.V.


9. Current Loan to Indexed Market Value

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From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loanparts Weighted Average

Maturity (year)

Weighted Average

CLTIMV

<= 0.50 %

0.50 % - 1.00 %

1.00 % - 1.50 %

1.50 % - 2.00 % 146,485,292.40 8.26% 1,926 28.77 69.32%

2.00 % - 2.50 % 49,265,765.21 2.78% 529 27.41 64.63%

2.50 % - 3.00 % 383,599,342.53 21.62% 3,740 28.32 83.32%

3.00 % - 3.50 % 227,968,769.55 12.85% 2,197 27.68 82.23%

3.50 % - 4.00 % 254,109,058.46 14.32% 2,442 27.29 82.60%

4.00 % - 4.50 % 346,999,536.43 19.56% 3,657 27.70 79.59%

4.50 % - 5.00 % 165,283,050.44 9.32% 1,888 33.51 84.48%

5.00 % - 5.50 % 156,046,002.71 8.80% 1,910 32.04 83.60%

5.50 % - 6.00 % 41,823,889.44 2.36% 489 23.13 77.17%

6.00 % - 6.50 % 2,210,391.14 0.12% 17 19.08 88.75%

6.50 % - 7.00 % 137,403.00 0.01% 3 9.01 52.15%

7.00 % > 152,131.46 0.01% 3 10.11 61.27%

Total 1,774,080,632.77 100.00% 18,801 28.66 80.66%

0.02% 7.52%

100.00% 3.66%

2.60% 5.72%

0.09% 6.10%

0.02% 6.90%

19.45% 4.18%

10.04% 4.77%

10.16% 5.24%

19.89% 2.81%

11.69% 3.32%

12.99% 3.75%

10.24% 1.94%

2.81% 2.17%


Coupon

AEGON Bank N.V.


10. Loanpart Coupon (interest rate bucket)

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Maturity (year)

Weighted Average

CLTIMV

< 1 year(s) 247,111,040.15 13.93% 2,870 29.34 73.10%

1 year(s) - 2 year(s) 20,865,903.13 1.18% 293 31.53 82.24%

2 year(s) - 3 year(s) 27,913,484.03 1.57% 378 33.90 84.37%

3 year(s) - 4 year(s) 90,544,056.44 5.10% 1,137 35.30 84.22%

4 year(s) - 5 year(s) 15,205,517.53 0.86% 199 31.39 80.80%

5 year(s) - 6 year(s) 48,405,333.65 2.73% 577 36.01 85.67%

6 year(s) - 7 year(s) 10,666,408.33 0.60% 158 30.11 82.42%

7 year(s) - 8 year(s) 43,037,574.38 2.43% 510 26.73 79.13%

8 year(s) - 9 year(s) 56,993,467.79 3.21% 646 26.73 78.23%

9 year(s) - 10 year(s) 14,288,542.84 0.81% 179 25.68 79.83%

10 year(s) - 11 year(s) 19,922,698.47 1.12% 290 30.81 81.62%

11 year(s) - 12 year(s) 31,080,565.96 1.75% 441 31.00 78.29%

12 year(s) - 13 year(s) 27,568,120.78 1.55% 348 27.30 80.69%

13 year(s) - 14 year(s) 31,734,643.98 1.79% 378 25.80 75.34%

14 year(s) - 15 year(s) 16,345,079.14 0.92% 223 22.35 75.87%

15 year(s) - 16 year(s) 28,770,789.04 1.62% 324 25.01 75.60%

16 year(s) - 17 year(s) 9,418,700.73 0.53% 122 17.90 75.27%

17 year(s) - 18 year(s) 212,562,196.18 11.98% 2,068 26.67 79.97%

18 year(s) - 19 year(s) 514,718,341.37 29.01% 4,941 27.77 81.55%

19 year(s) - 20 year(s) 191,551,409.43 10.80% 1,731 28.74 85.95%

20 year(s) - 21 year(s) 1,454,795.04 0.08% 20 30.06 80.38%

21 year(s) - 22 year(s) 2,538,604.29 0.14% 29 27.16 82.77%

22 year(s) - 23 year(s) 1,789,396.06 0.10% 21 24.30 75.19%

23 year(s) - 24 year(s) 4,046,031.94 0.23% 47 32.23 74.62%

24 year(s) - 25 year(s) 1,446,318.23 0.08% 13 24.68 78.85%

25 year(s) - 26 year(s) 3,797,012.35 0.21% 38 37.43 83.27%

26 year(s) - 27 year(s) 1,482,002.81 0.08% 12 26.50 93.43%

27 year(s) - 28 year(s) 13,840,810.26 0.78% 118 27.80 79.67%

28 year(s) - 29 year(s) 61,884,602.43 3.49% 505 28.61 85.86%

29 year(s) - 30 year(s) 23,097,186.01 1.30% 185 29.38 90.77%

30 year(s) >=

Total 1,774,080,632.77 100.00% 18,801 28.66 80.66%

0.98% 3.34%

100.00% 3.66%

0.06% 3.90%

0.63% 4.54%

2.69% 3.65%

0.25% 4.81%

0.07% 4.22%

0.20% 5.44%

0.11% 4.60%

0.15% 4.67%

0.11% 4.69%

11.00% 4.18%

26.28% 3.51%

9.21% 3.00%

1.19% 4.13%

1.72% 4.98%

0.65% 3.94%

2.35% 5.01%

1.85% 5.06%

2.01% 4.37%

3.44% 3.44%

0.95% 3.20%

1.54% 4.58%

3.07% 4.79%

0.84% 4.92%

2.71% 4.13%

2.01% 4.77%

6.05% 5.06%

1.06% 4.24%


Coupon

15.27% 2.23%

1.56% 4.51%

AEGON Bank N.V.


11. Remaining Interest Rate Fixed Period

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Maturity (year)

Weighted Average

CLTIMV

Fixed 1,540,521,978.68 86.83% 16,112 28.63 81.94%

Floating 233,558,654.09 13.17% 2,689 28.81 72.26%

Total 1,774,080,632.77 100.00% 18,801 28.66 80.66%100.00% 3.66%


Coupon

85.70% 3.89%

14.30% 2.10%

AEGON Bank N.V.


12. Interest Payment Type

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Aggregate Outstanding Amount % of Total Nr of Loans Weighted Average

Maturity (year)

Weighted Average

CLTIMV

House 1,551,536,218.71 87.46% 7,985 28.57 80.80%

Apartment 222,544,414.06 12.54% 1,560 29.25 79.70%

House / Business (< 50%)

House / Business (>= 50%)

Other

Total 1,774,080,632.77 100.00% 9,545 28.66 80.66%100.00% 3.66%


Coupon

83.66% 3.66%

16.34% 3.66%

AEGON Bank N.V.


13. Property Description

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Maturity (year)

Weighted Average

CLTIMV

Groningen 73,149,882.15 4.12% 467 28.92 84.42%

Friesland 68,389,521.63 3.85% 427 28.24 83.20%

Drenthe 55,960,005.55 3.15% 330 29.04 83.32%

Overijssel 137,273,834.78 7.74% 743 28.98 82.72%

Gelderland 214,744,617.69 12.10% 1,152 28.62 82.12%

Noord-Holland 259,992,711.27 14.66% 1,279 29.35 77.41%

Zuid-Holland 363,242,655.69 20.47% 1,969 28.47 80.54%

Zeeland 51,574,397.50 2.91% 316 28.61 83.46%

Brabant 259,141,692.97 14.61% 1,350 28.01 79.34%

Utrecht 158,197,815.46 8.92% 766 28.73 77.99%

Limburg 99,017,213.23 5.58% 554 28.45 83.00%

Flevoland 33,396,284.85 1.88% 192 29.07 83.37%

Unknown

Total 1,774,080,632.77 100.00% 9,545 28.66 80.66%

2.01% 3.59%

100.00% 3.66%

14.14% 3.59%

8.03% 3.73%

5.80% 3.61%

13.40% 3.69%

20.63% 3.81%

3.31% 3.84%

3.46% 3.50%

7.78% 3.56%

12.07% 3.62%


Coupon

4.89% 3.50%

4.47% 3.41%

AEGON Bank N.V.


14. Geographical Distribution (by Province)

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Maturity (year)

Weighted Average

CLTIMV

Owner Occupied 1,774,080,632.77 100.00% 9,545 28.66 80.66%

Buy-to-let

Unknown

Total 1,774,080,632.77 100.00% 9,545 28.66 80.66%100.00% 3.66%


Coupon

100.00% 3.66%

AEGON Bank N.V.


15. Occupancy

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Maturity (year)

Weighted Average

CLTIMV

Monthly 1,774,080,632.77 100.00% 18,801 28.66 80.66%

Quarterly

Semi-annually

Annually

Total 1,774,080,632.77 100.00% 18,801 28.66 80.66%100.00% 3.66%


Coupon

100.00% 3.66%

AEGON Bank N.V.


16. Loanpart Payment Frequency

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Maturity (year)

Weighted Average

CLTIMV

NHG Loans 1,129,349,011.31 63.66% 6,733 29.25 84.97%

Non-NHG Loans 644,731,621.46 36.34% 2,812 27.62 73.12%

Total 1,774,080,632.77 100.00% 9,545 28.66 80.66%100.00% 3.66%


Coupon

70.54% 3.72%

29.46% 3.56%

AEGON Bank N.V.


17. Guarantee Type (NHG / Non NHG)

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Net Outstanding Principal Amount In relation to a Mortgage Receivable, at any date, the Outstanding Principal Amount of the relevant Mortgage Loan less (A) if it is a

Savings Mortgage Loan or a Savings Investment Mortgage Loan subject to an Insurance Savings Participation, an amount equal to the

Insurance Savings Participation on such date and (B) if it is a Bank Savings Mortgage Loan subject to a Bank Savings Participation, an

amount equal to the Bank Savings Participation on such date;

Loan Part(s) One or more of the loan parts (leningdelen) of which a Mortgage Loan consists;

LTV Cut-Off indexed valuation % 80 % for all Mortgage Receivables or such other percentage as may be notified to the Rating Agencies from time to time in respect of the

relevant Mortgage Receivables, or such lower percentage as is (a) required from time to time for Covered Bonds to qualify as covered

bonds as defined in the Capital Requirements Directive or (b) otherwise determined from time to time in accordance with the Asset

Monitoring Agreement;

Maturity Date In respect of a Series of Covered Bonds, the date on which the Covered Bonds of such Series are expected to be redeemed at their

Principal Amount Outstanding in accordance with the Conditions, as specified in the relevant Final Terms, which date falls no more than

15 years after the Issue Date of such Series.

IRS Interest Rate Swap;

Issuer Aegon Bank N.V., a public company with limited liability (naamloze vennootschap) organised under the laws of the Netherlands and

established in The Hague, the Netherlands;

L For each Mortgage Receivable its Current Balance minus the LTV Cut-Off Percentage of its Indexed Valuation provided that if the result

is negative, L shall be zero and if the result exceeds a (alpha), L shall equal a (alpha);

Interest Rate Fixed Period Period for which the current interest rate on the Mortgage Receivable remains unchanged;

Interest Rate Swap An interest rate swap transaction that forms part of an Interest Swap Agreement.

Interest Reserve Required Amount means on the date with respect to which the Asset Cover Test is calculated (i.e. the end of each calendar month), the higher of zero and

(i) U plus V minus W on such date; or (ii) such lower amount as long as this will not adversely affect the rating of any Series;

Eligible Collateral Euro denominated cash and/or Substitution Assets;

Index The index of increases or decreases, as the case may be, of house prices issued by the Dutch land registry (kadaster) in relation to

residential properties in the Netherlands;

Indexed Valuation (with respect to ACT calculation) In relation to any Mortgaged Asset at any date: (a) where the Original Market Value of that Mortgaged Asset is equal to or greater than

the Price Indexed Valuation as at that date, the Price Indexed Valuation; or (b) where the Original Market Value of that Mortgaged Asset

is less than the Price Indexed Valuation as at that date, the Original Market Value plus 90% (or, if a different percentage is required or

sufficient from time to time for the Covered Bonds to qualify as "covered bonds" as defined in the Capital Requirements Directive and the

Issuer wishes to apply such different percentage, then such different percentage) of the difference between the Price Indexed Valuation

and the Original Market Value;

Current Balance In relation to an Eligible Receivable at any date, the Net Outstanding Principal Amount, excluding Accrued Interest and Arrears of

Interest;

Current Loan to Indexed Market Value (CLTIMV) Current Balance divided by the Indexed Valuation;

Current Loan to Original Market Value (CLTOMV) Current Balance divided by the Original Market Value;

Collateral Market Value means the market value of the relevant Transferred Collateral on any date;

Construction Deposit In relation to a Mortgage Loan, that part of the Mortgage Loan which the relevant Borrower requested to be disbursed into a blocked

account held in his name with the relevant Originator, the proceeds of which can only be applied towards construction of, or

improvements to, the relevant Mortgaged Asset;

Credit Rating An assessment of the credit worthiness of the notes or counterparties, assigned by the Rating Agencies;

CBC Account Bank N.V. Bank Nederlandse Gemeenten in its capacity as CBC Account Bank under the CBC Account Agreement or its successor;

Closing Date 30 October 2015;

B The cash standing to the credit of the CBC Transaction Account(s);

Base Prospectus The base prospectus dated 30 October 2015 relating to the issue of the conditional pass-through covered bonds, including any

supplement;

C Substitution Assets plus accrued interest thereon;

Assumed Mortgage Interest Rate The expected mortgage interest rate to be offered by each of the Servicers (acting on behalf of the CBC) in relation to Mortgage Loans

which have an interest rate reset, which interest rate will be notified by the relevant Servicer to the CBC and the Rating Agencies from

time to time;

A Min (a, b), where (a) is the sum of the Adjusted Current Balances and (b) is the sum of the Asset Percentage of Current Balance -/- a

(alfa) of all Mortgage Receivables;

a (alfa) Gross set-off as determined according to Asset Monitoring Agreement;

ACT Asset Cover Test;

Calculation Date The date falling two (2) Business Days before each CBC Payment Date. The "relevant" Calculation Date in respect of any Calculation

Period will be the first Calculation Date falling after the end of that period and the "relevant" Calculation Date in respect of any CBC

Payment Date will be the last Calculation Date prior to that CBC Payment Date;

AEGON Bank N.V.


Glossary

Term Definition / Calculation

Adjusted Current Balance The "Adjusted Current Balance" of a Mortgage Receivable is the lower of: (i) the Current Balance of such Mortgage Receivable minus a

(alfa); and (ii) the LTV Cut-Off Percentage of the Indexed Valuation relating to such Mortgage Receivable, minus ß (bèta);

Asset Percentage 93% or such other percentage figure as is determined from time to time in accordance with Clause 3.2 of the Asset Monitoring

Agreement;

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AEGON Bank N.V.


W Estimated Portfolio Interest Income;

Z An amount equal to the Interest Reserve Required Amount;

Transferred Collateral means any Eligible Collateral transferred or purported to be transferred to the CBC pursuant to the Guarantee Support Agreement, to

the extent not redeemed, retransferred, sold or otherwise disposed of by the CBC;

U The sum of the aggregate amount of interest payable in respect of all Series of Covered Bonds from the relevant date up to and

including the relevant Maturity Date minus any amount of interest to be received under a Portfolio Swap Agreement in connection with a

Series of Covered Bonds.

V The product of: (i) the higher of (a) zero; and (b) the difference between (i) the Portfolio Weighted Average Life and (ii) the Series

Weighted Average Life, (ii) the aggregate Principal Amount Outstanding of all Series on the last day of the previous calendar month

multiplied by (1 minus the Portfolio Swap Fraction, if applicable), and (iii) the Weighted Average Series Post Maturity Interest Rate.

Series A Tranche of Covered Bonds together with any further Tranche or Tranches of Covered Bonds expressed to be consolidated and form a

single series with the Covered Bonds of the original Tranche and the terms of which are identical (save for the Issue Date and/or the

Interest Commencement Date but including as to whether or not the Covered Bonds are listed);

Set-Off Claim that corresponds to a debt to the same borrower, which is not covered by the DGS;

Substitution Assets means the classes of assets denominated in euro from time to time eligible under the CRR and/or the Wft to collateralise covered bonds

including (on the date of this Base Prospectus) and subject to certain limitations:(a) exposures to or guaranteed by central governments,

central banks or international organisations in accordance with article 129(1)(a) CRR;(b) exposures to or guaranteed by public sector

entities, regional governments or local authorities in accordance with article 129(1)(b) CRR;(c) exposures to institutions in accordance

with article 129(1)(c) CRR; and (d) exposures for which DNB has waived the application of article 129(1)(c) CRR in accordance with

article 129(1) CRR third paragraph, which assets on an aggregate basis are subject to a limit of 20 per cent., or such other percentage

as required under the Wft, of the aggregate Principal Amount Outstanding of the Covered Bonds;

Remaining Tenor The time in years from the end of the reporting period to the maturity date of a Mortgage Loan;

Reserve Fund Means the balance of the Reserve Account which is the bank account of the CBC designated as such in the CBC Account Agreement;

Seasoning Number of years since the origination of the Mortgage Loan Parts to the end of the Reporting Period;

Performing Loans Mortgage Loans which are current and therefore do not show any arrears;

Price Indexed Valuation In relation to any property at any date means the Original Market Value of that property increased or decreased as appropriate by the

increase or decrease in the Index since the date of the Original Market Value;

Rating Agencies Fitch Ratings Ltd. and Standard & Poors Credit Market Services Europe Limited;

Original Market Value In relation to any Mortgaged Asset the market value (marktwaarde) given to that Mortgaged Asset by the most recent valuation

addressed to the Transferor that transferred the relevant Mortgage Receivable to the CBC or, as applicable, the foreclosure value

(executiewaarde) given to that Mortgaged Asset by the most recent valuation addressed to the Transferor that transferred the relevant

Mortgage Receivable to the CBC, divided by 0.90 or such other factor as required from time to time by the applicable rules and

regulations or any internal requirement of the Transferor in relation thereto;

Originator Aegon Bank N.V., Aegon Levensverzekering N.V. or Aegon Hypotheken B.V.;

Outstanding Principal Amount In respect of a Relevant Mortgage Receivable, on any date the (then remaining) aggregate principal sum ("hoofdsom") due by the

relevant Borrower under the relevant Mortgage Loan, including any Further Advance Receivable transferred to the CBC and, after

foreclosure of the Relevant Mortgage Receivable resulting in a loss being realised, zero;

Nominal OC The Net Outstanding Principal Amount of all Mortgage Receivables, excluding any Defaulted Receivables, plus (b) the Collateral Market

Value of all Transferred Collateral in the form of Substitution Assets plus (c) the cash standing to the credit of the CBC Transaction

Account(s), excluding Swap Collateral minus the aggregate Principal Amount Outstanding of the Covered Bonds at the end of such

calendar month divided by the aggregate Principal Amount Outstanding of the Covered Bonds at the end of such calendar month;

Non NHG Loan A Mortgage Loan that does not have the benefit of an NHG Guarantee;

Occupancy The way the Mortgaged Asset is used (e.g. owner occupied);

NHG Nationale Hypotheek Garantie: guarantees (""borgtochten"") issued by Stichting Waarborgfonds Eigen Woningen under the terms and

conditions of the Nationale Hypotheek Garantie, as amended from time to time;

NHG Loan A Mortgage Loan that has the benefit of an NHG guarantee;

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ADMINISTRATOR AEGON Bank N.V.

AegonPlein 50

2591 TV The Hague

The Netherlands

CBC ACCOUNT BANK N.V. Bank Nederlandse Gemeenten

Koninginnegracht 2

2514 AA The Hague

The Netherlands

CUSTODIAN Coöperatieve Centrale Raiffeissen-Boerenleen Bank B.A.

Croeselaan 18

3521 CB Utrecht

The Netherlands

LEAD MANAGER The Royal Bank of Scotland plc

135 Bishopsgate

EC2M 3UR London

The United Kingdom

LISTING AGENT Coöperatieve Centrale Raiffeissen-Boerenleen Bank B.A.

Croeselaan 18

3521 CB Utrecht

The Netherlands

SECURITY TRUSTEE Stichting Security Trustee Aegon Conditional Pass-

Through Covered Bond Company

Hoogoorddreef 15

1101 BA Amsterdam

The Netherlands

SELLER COLLECTION ACCOUNT

BANK

ABN AMRO Bank N.V.

Gustav Mahlerlaan 10

1082 PP Amsterdam

The Netherlands

TAX ADVISOR NautaDutilh N.V.

Strawinskylaan 1999

1077 XV Amsterdam

The Netherlands

Aegonplein 50

2591 TV The Hague

The Netherlands

2591 TV The Hague

The Netherlands

SERVICER Aegon Bank N.V, Aegon Hypotheken B.V. and Aegon

Levensverzekering N.V.

The United Kingdom

SELLER AEGON Bank N.V.

AegonPlein 50

PAYING AGENT Citibank N.A., London Branch

Citigroup Centre, Canada Square

E14 5LB London

Strawinskylaan 1999

1077 XV Amsterdam

The Netherlands

2591 TV The Hague

The Netherlands

LEGAL ADVISOR NautaDutilh N.V.

Luxembourg

ISSUER AEGON Bank N.V.

AegonPlein 50

COMMON SAFE KEEPER Clearstream

42 Avenue J.F. Kennedy

L-1855

Thomas R. Malthusstraat 5

1066 JR Amsterdam

The Netherlands

AEGON Bank N.V.


Contact Information

AUDITOR PricewaterhouseCoopers Accountants N.V.

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AEGON Bank N.V. Monthly Investor Report Dutch National ......S&P Moody's Fitch Other UCITS compliant...

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