Amsterdam Trade Bank has declared bankruptcy, reported the daily “Financieele Dagblad”. Earlier, its owners, who are Russian oligarchs, were on the list of people and institutions subject to sanctions. The collapse will affect 26,000 customers with savings estimated at over 400 million euros.
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The owners tried to sell it unsuccessfully on Thursday evening, informs “Financieele Dagblad”. The newspaper reports that the bank lost many customers after the Russian invasion of Ukraine and ran into financial difficulties.
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Sanctions against Russia. Amsterdam Trade Bank has filed for bankruptcy
According to the daily, clients have not had access to their money in ATB since Friday afternoon. “This caused a huge panic among customers, who in some cases kept tens of thousands of euros in this bank,” reads “FD”.
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The Dutch Central Bank (DNB) announced on its website that the bank’s customers have guaranteed deposits of up to 100,000. euro on the saver.
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One of the major shareholders of Amsterdam Trade Bank is Mikhail Fridman, an oligarch with close ties to the Russian president who has been subject to sanctions.
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Michail FridmanKrysja/Shutterstock
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photo-source">Main photo source: PAP / EPA / John Gundlach
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