10,000 clients of bankrupt Amsterdam Trade Bank got their money back

1 week, 6 days ago

Business bankruptcies up a third compared to last year after 6% jump in November

NL Times

Roughly a third more business bankruptcies have been declared in the Netherlands in the first 11 months of the year compared to the same period in 2023. Through the end of November, 4,198 businesses and individuals declared bankruptcy in the Netherlands, the most for a given year since the entirety of 2019. Despite these well-known retailers declaring bankruptcy in recent …

Netherlands Business Bankruptcies

6 months, 1 week ago

Bankruptcies in Germany rise sharply

China Daily

People visit a shopping mall in Berlin, Germany, on Feb 1, 2023. Germany has experienced an increase in corporate bankruptcies as 5,209 companies filed for insolvency in the first quarter, according to the Federal Statistical Office, Destatis. The first three months of this year saw a 26.5-percent increase in bankruptcies compared to the same period last year and an 11.2-percent …

Germany Ing Destatis Increase Compared

6 months, 4 weeks ago

Rabobank "terrorizing" Dutch businesses in Nigeria with money laundering checks

NL Times

Dutch entrepreneurs active in Nigeria say that Rabobank is “bullying” and “terrorizing” them with its anti-money laundering policy. “I was terrorized for 2.5 years, it was a witch hunt.” Rabobank contacted him every day about his company’s transactions. “I had to fill out all kinds of documents again and again, reduce the share of cash payments to less than 10%, …

Dutch Netherlands Money Laundering Money Nigeria His Company Rabobank

7 months, 1 week ago

Dutch business bankruptcies up 47 percent since January; The worst start since 2017

NL Times

Some 1,392 businesses, institutions and organizations were declared bankrupt since January 1, an increase of about 47 percent over the same period in 2023. “From May 2022, the number of bankruptcies was continuously higher than in the same month a year earlier.” Comparing annual periods is necessary to get a handle on current trends, because figures can fluctuate greatly from …

Month Cbs Declared Total Number Bankruptcies Business Bankrupt

8 months, 2 weeks ago

Dutch Cabinet pays out €900 million to expropriated SNS Reaal investors

NL Times

The Cabinet paid around 900 million euros to investors who held certain bonds and had lent money to SNS Reaal and SNS Bank. The amount owed to the creditors had been expropriated when the government nationalized SNS Reaal in 2013, but the Supreme Court ruled last year that the Cabinet had to pay them over 700 million euros in compensation, …

Compensation Investors Cabinet Reaal Sns Sns Reaal

9 months, 1 week ago

Bankruptcies up 40% in January, February compared to a year ago

NL Times

Corrected for hearing days, Dutch courts declared 706 businesses bankrupt in January and February 2024. “The underlying trend in the number of bankruptcies has been increasing for almost two years,” the statistics office said. That is a month-on-month decline of 7 percent compared to the 366 bankruptcies in January, but a 24 percent increase compared to a year earlier. It’s …

Month Number Bankruptcies Underlying Trend

9 months, 2 weeks ago

VanMoof administrator in talks with financiers about compensation for customers

NL Times

The curators managing the VanMoof bankruptcy administration are in talks with a major financier of the e-bike brand about an agreement that would allow a group of disadvantaged customers to get their money back. The lender promised VanMoof that customers who ordered bikes shortly before the bankruptcy would be compensated in the event the company went bust. Many disadvantaged customers …

Customers Vanmoof Bankruptcy Report

10 months ago

Online bank Knab fined €3 million for insufficiently managing credit risks

NL Times

De Nederlandsche Bank imposed a fine of 2.96 million euros on online bank Knab. According to the regulator, the online bank does not sufficiently manage credit risks in loans it issued on lending platforms, putting its soundness at risk. DNB already warned Knab in 2019 that it did not have adequate policies in place for managing credit risks on its …

Credit Bank Platforms Risks Lending Dnb Lending Platforms

1 year ago

Dutch credit agency fears more people will face problematic debt levels

NL Times

People who have just gotten out of problematic debt are not helped by a shorter registration at the Central Dutch Credit Registration Office. Large municipalities want to shorten the registration period to help people get rid of their financial problems more quickly, but according to the BKR Foundation, this increases the risk of new issues. People who receive debt assistance …

Registration Bkr Problematic Debt Debt Assistance New Debt

1 year ago

Slight increase in bankruptcies; Upward trend continues

NL Times

Corrected for court hearing days, there were seven more bankruptcies in November than in October, Statistics Netherlands reported on Tuesday. Trade had the largest number of bankruptcies at 56, 11 percent less than in October. The number of declared bankruptcies peaked at 911 in May 2013, after the credit crisis. Since May 2022, the number of bankruptcies has continuously been …

Netherlands Number Declared Bankruptcies

1 year, 3 months ago

75,000 travelers affected in Holland Norway Lines bankruptcy, curator says

NL Times

Approximately 75,000 people who had booked a ticket from Germany to Norway with the Dutch ferry company Holland Norway Lines have been affected by the company's bankruptcy, according to the appointed curator Hans Silvius. The only ship operated by the Holland Norway Lines, the MS Romantika, immediately halted its operations, and ticket sales were suspended. Holland Norway Lines claimed to …

Germany Company Lines Norway Holland Romantika Holland Norway Lines

1 year, 5 months ago

Amsterdam police ask VanMoof customers to stop accusing the company of theft

NL Times

The Amsterdam police have received many accusations of criminality and questions from VanMoof customers who believe their bicycles were stolen by the the company, the Amsterdam police said on social media this week. "The customers who have bought a bicycle here or have given their VanMoof bicycle for repair, ask whether they can report the theft to the police or …

Amsterdam Company Customers Consumentenbond Bicycle Vanmoof Vanmoof Customers

1 year, 7 months ago

More tourism, fewer investments give Amsterdam coffers a €200 million boost

NL Times

Last year, Amsterdam made 196.5 million euros more than it spent, according to the annual accounts presented by alderman Hester van Buren. Due to previous lockdowns and their lingering effects, Amsterdam expected a loss of 65 million euros in revenue on the tourist tax. Staff shortages also meant 4.5 million euros less spent on maintenance of quays and bridges and …

Amsterdam Million Euros Expected Staff Shortages

1 year, 8 months ago

First Citizens Bank buys SVB's deposits, loans from FDIC

Firstpost

The deal has given markets some respite as it was the first weekend in several weeks that did not bring news of fresh banking collapses, rescue deals or emergency help from authorities to shore up confidence A buyer for Silicon Valley Bank’s deposits and loans helped cast an uneasy calm over fragile markets on Monday, which have been roiled by …

Silicon Valley Cent Fdic Citizens Bank Several Weeks Svb First Citizen

1 year, 8 months ago

Dutch state’s debt collectors making life worse for vulnerable citizens: Court of Audit

NL Times

People who already have a hard time repaying their debt and who have to repay money to the national government often find themselves in deeper financial distress because their repayment plan does not take sufficient account of the basic level of income they need to survive. The Dutch tax office aims to ensure that citizens have enough money left over …

Court Audit Payment Citizens Cjib Debt Collectors Belastingdienst

1 year, 9 months ago

Deutsche Bank shares drop amid global jitters over banks

Associated Press

FRANKFURT, Germany — Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market. The market values the bank at less than the assets on its balance sheet, he said: “That …

Global Financial Credit Silicon Valley Banks European German

1 year, 9 months ago

Banking crisis: Is the whipsaw in Deutsche Bank shares pointing to trouble?

Firstpost

London/Frankfurt: Deutsche Bank shares fell for a third day on Friday, after a sharp jump in the cost of insuring against the risk of default late the day before fuelled concerns about the overall stability of Europe’s banks. Deutsche shares, which have lost a fifth of their value so far this month, were last down 5.5 per cent at 8.843 …

Cent Credit Suisse Deutsche Bank Deutsche Banking Crisis

1 year, 9 months ago

Dutch central bank reports first loss since 1931 amid rising interest rates

NL Times

De Nederlandsche Bank suffered a loss of almost half a billion euros last year due to the sharp rise in interest rates. Due to the higher interest rates, the central bank itself has lost more money, while yields have tumbled on bonds purchased in droves in recent years. The last time the DNB suffered a loss was in 1931, when …

Dutch Loss Bank Interest Rates Interest State Central

1 year, 9 months ago

Fewer people have issues paying debt, but many have multiple problems

NL Times

The number of Netherlands residents with current debts decreased last year, and along with that, the number of people struggling to pay their debts. But tens of thousands of people are facing multiple arrears, according to Stichting BKR, the foundation that keeps track of debts in the Netherlands. Last year, 7.8 million people had 11.7 million current consumer loans in …

Netherlands Debt Payment Young People Number Arrears Payment Arrears

1 year, 9 months ago

SVB Collapse: What Banks Do With Your Money And What Happens To The Deposits If A Bank Fails

ABP News

New Delhi: Silicon Valley Bank, the 16th largest bank in the United States, became the largest bank to fail since the 2008 global financial crisis, sending global indices into a tailspin last week. Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about …

India Money Bank Banks Deposit Deposits Rs 5 Lakh

1 year, 10 months ago

Bankruptcies fell in January for the first time since August

NL Times

The number of bankruptcies fell again in January after four consecutive months of increases, according to Statistics Netherlands. The number of bankruptcies remained low compared to the period before the coronavirus pandemic. After August 2022, bankruptcies rose for four straight months to the highest level since May 2020. Since then, the number of bankruptcies fell further to a record low …

Bankruptcies

1 year, 10 months ago

Netherlands set to sell off more of its stake in ABN Amro

NL Times

The Dutch State plans to sell off more of its stake in ABN Amro. The Dutch government nationalized ABN Amro in 2008 when the bank threatened to collapse at the start of the credit crisis. The government put the bank back on the stock exchange in 2015, making clear that it would eventually sell all its interests in ABN Amro. …

State Abn

1 year, 10 months ago

Dutch central bank fines Coinbase over €3.3 million for ignoring AML, terror financing rules

NL Times

The Dutch central bank DNB fined cryptocurrency service provider Coinbase 3.3 million euros. According to the Dutch regulator, Coinbase violated the Netherlands' anti-money laundering and terrorism funding act by providing crypto-services in the country in the past without registering with the DNB. When determining the amount of the fine, DNB took into account the fact that Coinbase is one of …

Dutch Netherlands Terror Financing Bank Dnb Dnb Coinbase

2 years ago

EU accuses Rabobank, Deutsche Bank of price fixing

NL Times

Rabobank and the Deutsche Bank have violated European competition rules with secret agreements on the trade in government bonds, the European Commission believes. If it proves that Rabobank and Deutsche Bank have violated the rules, the Commission can impose fines of up to 10 percent of their global annual turnover. “It is now up to Deutsche Bank and Rabobank to …

Bank Commission Banks European Rabobank Deutsche Bank Price Fixing

2 years, 1 month ago

Dutch banks call for more research on digital euro; Not yet on board

NL Times

The Dutch Banking Association is calling for more research into a potential digital euro before any decisions are made about what such a currency should look like. The NVB is not yet convinced of the added value of a digital euro, because payments can already be made safely, quickly and efficiently in the Netherlands. The banking association argues that the …

Dutch European Nvb Digital Euro Such A Currency

2 years, 1 month ago

FTX did not have permission to take on Dutch clients, says central bank

NL Times

Cyptocurrency trading platform FTX did not have permission to operate in the Netherlands, the country's central bank told Nu.nl. An updated filing submitted on Tuesday noted that FTX could have one million creditors who are owed money. Financial news outlet CNBC said that the exchange's sister company, Alameda Research, borrowed billions of dollars in customer funds from FTX to make …

Dutch Ftx Binance Dnb

2 years, 1 month ago

Foreign banks attracting many Dutch savers with higher interest rates

NL Times

Foreign banks are attracting more and more Dutch savers with higher interest rates on savings accounts. Banks from Estonia, Italy, Germany, France, and Slovakia, among others, have seen a sharp increase in Dutch customers since the European Central Bank scrapped negative interest in July, NOS reports. But some foreign banks increased their interest rates more significantly, resulting in a difference …

Dutch Netherlands Savings Bank Interest Foreign Rates

2 years, 4 months ago

Significant increase in entrepreneurs with payment problems, says credit bureau

NL Times

The number of entrepreneurs with payments in arrears increased by 20 percent at the end of last year compared to a year earlier. It concerns entrepreneurs who are registered with Dutch credit bureau BKR with both a form of business credit and consumer credit. The number of entrepreneurs with both a business loan and consumer credit increased in one year …

Business Credit Bkr Consumer Credit Payment Problems Business Credit

2 years, 5 months ago

Dutch Central Bank and province of Noord-Holland apologize for historic roles in slavery

NL Times

On Friday's national commemoration of the abolition of slavery in Suriname and the Dutch Antilles, the Dutch Central Bank and province of Noord-Holland both apologized for their roles in slavery in the 19th century. Commissioner of the King of the province, Arthur van Dijk, offered the apology on behalf of Noord-Holland at the opening of an exhibition about slavery in …

Dutch Slavery Province Van Dijk Apologize Knot Enslaved People

2 years, 8 months ago

Dutch business bankruptcies projected to double

NL Times

The number of bankruptcies in the Netherlands will be 101 percent higher this year than in 2021, credit insurer Atradius expects. Countries with extensive support packages saw insolvencies decrease significantly in 2021 and will see a big increase this year and next year. The Netherlands, for example, saw bankruptcies decrease 41 percent in 2021 and will see a 101 percent …

Netherlands Dutch Business Bankruptcies

2 years, 8 months ago

Help desk fraud skyrocketing; €48 mil. in damage last year

NL Times

Helpdesk fraud is increasing rapidly in the Netherlands. Netherlands residents suffered 47.6 million euros in damage from this type of fraud last year, up from 26.2 million euros in 2020, the Dutch association of banks NVB reported. In helpdesk fraud, the scammer calls or texts victims pretending to be from their bank. Damages from phishing dropped from 12.8 million euros …

Fraud Netherlands Million Euros Mil Desk Fraud

2 years, 10 months ago

NL may get over €1bn less from EU coronavirus recovery funds

Dutch News

The Netherlands may receive more than €1bn less than expected from European coronavirus recovery funds because the economy has performed better than earlier estimates indicated, finance minister Sigrid Kaag told MPs on Friday The Netherlands had expected some €6bn from Brussels and €5.8bn had been used in calculations for drawing up the new government spending plans. However, the real figure …

Netherlands Kaag

2 years, 10 months ago

NL may get over €1bn less from EU coronavirus recovery funds

Dutch News

The Netherlands may receive more than €1bn less than expected from European coronavirus recovery funds because the economy has performed better than earlier estimates indicated, finance minister Sigrid Kaag told MPs on Friday The Netherlands had expected some €6bn from Brussels and €5.8bn had been used in calculations for drawing up the new government spending plans. However, the real figure …

Netherlands Kaag

3 years ago

Dutch Central Bank slashed 2022 economic forecast; Long-term vision for pandemic needed

NL Times

The Dutch Central Bank reduced its economic growth forecast for the Netherlands in 2022, predicting that the hard lockdown announced last weekend will be a blow to the Dutch economy. The central bank predicted the country will achieve growth of 2.2 percent next year, down from the 3.6 percent it previously projected. In a hastily produced calculation, Olaf Sleijpen, the …

Dutch Dnb Sleijpen

3 years ago

NL could owe Europe tens of millions after missing Customs payments

NL Times

The Netherlands will likely pay tens of millions of euros to the European Commission due to problems caused by bookkeeping at the Customs office, and remittances not made to the European Union. The Commission found that the controls at the Customs office was "unsatisfactory" with regard to import duties, which the Netherlands largely has to pay to the EU, Finance …

Europe Netherlands Customs Million European Euros Hoekstra

3 years, 3 months ago

Dutch economy to grow 4.2% this year: Rabobank

NL Times

The Dutch economy will likely grow by 4.2 percent this year and 3.7 percent next year, Rabobank wrote in a report. The bank expects that almost all business sectors will have fully recovered from the coronavirus crisis by 2022, provided no new restrictive measures are taken. Therefore, the bank expects "relatively strong" growth in gross domestic product in the second …

Bank This Year Grow Rabobank

3 years, 3 months ago

ABN AMRO made to compensate clients after overcharging on loan interest

NL Times

The Dutch Consumer’s Union reached an agreement with ABN AMRO to compensate clients who paid too much interest for their running credit from ABN AMRO, ALFAM and ICS. The interest rate for these accounts needs to move with the market rate, yet the interest rate at ABN AMRO did not fall when the market rate did. ABN AMRO will now …

Interest Rate Amro Abn

3 years, 4 months ago

Dutch entrepreneurs over-insured for liability

NL Times

Entrepreneurs in the Netherlands are over-insured against possible damage claims from customers and clients, online bank Knab found in a survey of 4,500 corporate customers. 66 percent of entrepreneurs said they have liability cover, but only 5 percent ever had to pay out damages, AD reports. In 78 percent of cases, the damage amount was one month's turnover or lower. …

Claims Knab Damage Claim Damage Claims Dutch Entrepreneurs

3 years, 6 months ago

More bankruptcies in EU; Netherlands an exception to the trend

NL Times

The number of bankruptcies in the Netherlands is considerably lower than in many other EU member states, Statistics Netherlands announced. In the second quarter of 2020, the number of bankruptcies there fell, only to rise for several quarters in a row," CBS stated. After that, the number of bankruptcies within the EU rose, while the number in the Netherlands fell …

Netherlands Number Quarter Cbs Ing Bankruptcies

3 years, 6 months ago

Netherlands residents not spending lockdown savings: Rabobank

NL Times

The billions of euros Netherlands residents put into their savings accounts during the coronavirus crisis will stay where it is for the time being. Most people don't plan on spending their savings in the near future, Rabobank concluded in a survey of 1,546 people, NOS reports. In 2020 Netherlands residents saved a massive 77 billion euros, the highest amount since …

Netherlands Savings Rabobank Netherlands Residents

3 years, 6 months ago

Dutch economy to recover to pre-pandemic level by end of year says Central Bank

NL Times

The Dutch economy has been showing signs of recovery starting from the second quarter of this year after the historic hit to the GDP last year. Recovery is happening so quickly that GDP could eclipse pre-pandemic levels by the end of the year, the Dutch Central Bank estimated in their semi-annual report. The recovery will continue rapidly next year with …

Growth Dutch This Year Dnb Gdp Growth

3 years, 6 months ago

Number of bankruptcies remained at historically low level in May

NL Times

The number of companies that declared bankruptcy increased slightly in May, but remained at historically low levels, Statistic Netherlands said. Since June last year, the number of bankruptcies has been steadily decreasing due to the economic support packages promoted by the government. ING economists still believe that the number of bankruptcies will increase in the future, but have now adjusted …

Number Ing Bankruptcies

3 years, 6 months ago

Dutch economy recovering from Covid crisis faster expected: Rabobank

NL Times

The Dutch economy is recovering from the coronavirus crisis faster than previously thought, Rabobank economists believe. The bank now predicts that the economy will grow by 3.8 percent this year, up from its previous expectation of 2.3 percent growth for 2021, ANP reports. In addition, the Dutch economy turned out to be more resilient than previously thought, the bank stated. …

Economy Dutch Bank Dutch Economy Rabobank

3 years, 7 months ago

74% of small Dutch cafes in money trouble; 30% of small businesses nearly bankrupt

NL Times

An estimated 74 percent of small hospitality businesses in the Netherlands said they are struggling to fulfill their financial obligations, and are desperate for more financial support from the government. About 29 percent of small businesses are already technically bankrupt, according to the kbindex, a report on the status of small businesses in the Netherlands carried out by Hogeschool Utrecht …

Business Small Businesses Businesses Small

3 years, 8 months ago

The Netherlands receives €220 million in EU recovery package

NL Times

This year the Netherlands was granted 220 million euros from the European Union to support vulnerable people in the job market during the pandemic. Starting on Monday, labor market regions can apply for subsidies to help fund projects surrounding training initiatives to help return people to work. The support package is also intended to help guide students in practical schooling …

Package

3 years, 8 months ago

Dutch gov't needs to keep Covid support for businesses going: Banks

NL Times

Businesses are still taking out loans and applying for payment pauses from banks to get through the coronavirus pandemic. "Continuing the government support package is therefore essential," Chris Buijink of the Dutch association of banks NVM said in a statement. Since the start of the crisis, about 52 thousand companies received loans from Dutch banks, totaling in around 44.3 billion …

Dutch Banks

3 years, 11 months ago

NL sees fewest bankruptcies since 1991, despite pandemic

NL Times

Despite the pandemic putting pressure on the Dutch economy, 2020 saw remarkably few Dutch businesses go bankrupt. A total of 2,703 companies were declared bankrupt last year, 16 percent less than in 2019 and the lowest number since 1991, Statistics Netherlands reported on Tuesday. The stats office attributed the low number of bankruptcies to the coronavirus support measures the government …

Number Bankrupt Bankruptcies Despite Pandemic

10,000 clients of bankrupt Amsterdam Trade Bank got their money back

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