DSB Bank


DSB Bank
DSB Bank NV
Former type Private
Industry Financial services
Fate Declared bankrupt by a Dutch court.
Founded 1975
Defunct 21 October 2009
Headquarters Wognum, Netherlands
Key people Dirk Scheringa Founder & Owner
Products Banking
Insurance
Credit
Revenue increase 216.2 million (2005)
Net income increase 45.28 million (2005)
Employees 2000 (2013)
Website www.dsbbank.nl

DSB Bank (DSB: Dirk Scheringa Beheer) was a Dutch bank and insurer. The company was founded in 1975 by Dirk Scheringa, a former police officer. It was originally called Buro Frisia, but in 1998 the DSB Groep was founded which included Buro Frisia. On 19 October 2009, the Amsterdam court declared DSB Bank to be in bankruptcy.[1]

Contents

Overview

The most important divisions of DSB Groep were DSB Bank for banking and savings products, and DSB Direct for credit services. The latter was known by a number of different names, such as Becam, Postkrediet, lenen.nl and Frisia Financieringen. The company was also known for sponsoring Dutch Association football club AZ and its stadium as well as a Dutch ice skating team.

Bankruptcy

Because of urgent financial problems DSB Bank was placed under supervision of De Nederlandsche Bank by court order on 12 October 2009.[2] On 19 October 2009, the Amsterdam court declared DSB Bank to be in bankruptcy.[1] On 21 October 2009, parent company DSB Beheer was declared bankrupt by the Alkmaar court, marking the end of the network of businesses under the DSB flag.[3]

The failure followed the withdrawal of €600 million by depositors in 12 days, equivalent to about a quarter of the bank's assets.[4][5] [6] [7]

References

External links


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