Van der Hoop Bankiers

Van der Hoop Bankiers N.V. is a Dutch bank currently in state of bankruptcy and put under supervision of court-ordered curators.

The bank was founded by Cornelis van der Hoop in Rotterdam in 1895, with its headquarters moved to Amsterdam some time later.

On December 9, 2005, the bank was found by a Dutch court to be in a position in which it requires special attention. Its liquidity position was found to be existing out of € 140 million in demands, while its credit facilities consisted of only a mere € 68 million. Also, the Nederlandsche Bank (Dutch central bank) was concerned about the solvency of the bank. The bank was declared bankrupt by the same court on December 16, 2005, when the bank showed it had a negative balance of € 9 million. Earlier in 2005, the bank had settled a claim of € 5.5 million with the Dutch Tax and Customs Administration (Belastingdienst) for not paying some of the corporative taxes on its daughter companies.

Under the Deposit Guarantee Scheme (depositogarantiestelsel) of De Nederlandsche Bank, account holders were eligible for a compensation up to a maximum of € 20,000 and in fact received twice this protection from the scheme.[1]

References
  1. "Announcement to accountholders of Van der Hoop bankiers N.V." Amsterdam: De Nederlandsche Bank. 2006-03-21. Retrieved 2009-03-16.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.