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10,000 customers of bankrupt Amsterdam Trade Bank have been refunded

About 10,000 duped customers of the bankrupt Amsterdam Trade Bank (ATB) have so far received their money back, De Nederlandsche Bank (DNB) reports in an update to the NOS. This concerns more than half of the 700 million euros that 23,000 savers had deposited at the ATB.

DNB pays out up to 100,000 euros. Savers who had more money in their account with the ATB will receive 100,000 euros and will have to report the rest of the amount to the two trustees who are handling the bankruptcy. It is unclear whether they will receive the remaining amount.

The bankruptcy of the ATB – a subsidiary of the Russian Alfa Bank – is the first bankruptcy of a bank in our country since the DSB Bank in 2009. EU,” says Hans Kooy of DNB. “By comparison, it took us two months at DSB in 2009. So we are happy with how things are going so far. We are on schedule and customers can get their money back quickly.”

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