A Dutch court has declared that the Russia-owned, Dutch-registered Amsterdam Trade Bank bankrupt after it was caught up in Ukraine-related sanctions.
A Dutch court on Friday declared the Russia-owned, Dutch-registered Amsterdam Trade Bank bankrupt after it was caught up in Ukraine-related sanctions.
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 under the Netherlands' deposit guarantee system. 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.
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