Share on facebook
Share on twitter
Share on linkedin
Share on telegram
Share on whatsapp

Amsterdam Trade Bank Collapses, 23,000 customers lost their savings

A Dutch court on Friday declared the Russia-owned, Dutch-registered Amsterdam Trade Bank bankrupt after it was caught up in Ukraine-related sanctions.

Amsterdam’s district court made the ruling on the subsidiary of Russia’s Alfa Bank in a decision confirmed by the Dutch central bank.

In a statement on its website the central bank said customers holding deposits with ATB would be covered up to a maximum of 100,000 euros ($108,000) under the Netherlands’ deposit guarantee system.

The central bank administers the scheme on behalf of the Dutch government, adding ATB, founded in 1994, had some 23,000 customers.

The bankrupt bank had recently condemned the Russian invasion of Ukraine while stressing its business focus is European SMEs with funds from Dutch and German savers.

In a statement at the time it said as a regulated Dutch (European) bank, it acted independently of shareholders and complied with all sanctions against Russia.

Washington on April 6 unveiled tough sanctions on Russian banks including Sberbank and Alfa Bank, the latter being Russia’s top private lender, freezing all their assets linked to the US financial system.

ATB was also affected by UK sanctions, Dutch news agency ANP reported.

    Who is pumping Ukraine with weapons

    Top donors of military support (over 30 billion euros in total): USA with €23.96bnBritain 2.38 billion eurosPoland 1.7 billion eurosGermany 1.39bn euros US: M777 howitzers

    Ukraine admits major defeat

    Zelensky’s adviser admits loss of Liman, major Ukrainian stronghold in Donbass Russian troops have taken over the town of Liman in the northern Donetsk region,

    Today’s Must-Reads – 25 May 2022

    Covid Nature – Multisystem involvement is common in post-COVID-19 syndrome. PubMed – Atomic force microscopy analysis of native infectious and inactivated SARS-CoV-2 virions. Independent – Fears of long-Covid

    Russia Moves to Withdraw From WHO, WTO

    Proposals for ending membership in the international organizations have been sent to the parliament RT – Russia’s lower house of parliament, the State Duma, is

    Biden seeks $33B for Ukraine

    Russia’s President Vladimir Putin has warned the West of a “lightning fast” response to any country that intervenes in its war against Ukraine war and

    Poland seizes Russian gas assets

    Energy producer Novatek has been ordered to hand over its transmission infrastructure to the country’s state-owned firms RT – Warsaw has obliged the Polish subsidiary

    Top 10 Stories of April 23, 2022

    Zelensky Says He’ll Meet the U.S. Secretary of State and Pentagon Chief in Kyiv Tomorrow — They will be the highest-ranking U.S. officials to visit

    Top 10 Stories of April 21, 2022

    Putin Says Mariupol is “Liberated,” Calls Off Assault on Steel Plant — Instead of the assault, Putin ordered the steel plant to be put under

    0
    Would love your thoughts, please comment.x
    ()
    x

    Get in Touch!

    Purpose of your Contact
    Where can i reach you?
    What would you like to discuss?
    • Bitcoin
    • Ethereum
    Scan to Donate Bitcoin to 1212P3t2h8hK8mF5D1DvKC6Sovxrrq87Gy

    Donate Bitcoin to this address

    Scan the QR code or copy the address below into your wallet to send some Bitcoin

    Scan to Donate Ethereum to 0x406ac4558E9cA21B4Aa85CD5512e22fb3A8797Da

    Donate Ethereum to this address

    Scan the QR code or copy the address below into your wallet to send some Ethereum