Monday, October 12, 2009

Dutch Bank DSB Paced under an Administrator

Dutch Bank DSB Dutch bank DSB placed under an administrator on the orders of the Dutch Central Bank (DNB) on Monday 12 October 2009, the Amsterdam district court. "The court has given an application through the DNB for the DSB emergency regulations," a court statement said.

An independent administrator will be appointed. For its part, said the central bank has been seeking action because "bear outflow of liquidity that has brought DSB survival under threat in the short term." "It also puts DSB solvency under great pressure," he said in a statement. DSB, which recorded a profit of 45.4 million euros or 67 million U.S. dollars in 2008, it has 17 percent of the consumer credit market in the Netherlands.

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