Amsterdam Trade Bank is insolvent

Next bankruptcy on the European banking market: as among others "Finanz-szene.de" reports, the Amsterdam Trade Bank, known in Germany also known under Fibr Bank, must sign up for bankruptcy.

Already in March, Sberbank Europe, headquartered in Vienna, rose the same destiny. Both institutes have connections to Russian banks. The parent company of ATB Alfa Bank is currently affected by US sanctions.

According to the Dutch Central Bank, Amsterdam Trade Bank last had more than 23,000 private deposit customers, alone 6,000 from Germany. Affected savers receive a letter from DNB as they can come to their refund. More detailed information can be found under this link.

Amsterdam Trade Bank announces bankruptcy: That's why this also meets German savers

More and more smaller European financial institutions also refinance on retail deposits in Germany, which is why Savers are also affected in this country of insolvencies such as Sberbank Europe or the ATB. For the German banking industry, this has the advantage that you do not have to pay for the damage.

How Finanz-Senzen.de writes, the bankruptcy of Amsterdam Trade Bank had already indicated in recent weeks. Thus, for example, Dutch economic magazines of loss of confidence reported on the part of the depositors.

Last week, a sale of the institute had initially been speculated - instead, the bankruptcy was announced.