Amsterdam Trade Bank N.V. (“ATB”) filed for bankruptcy
On 22 April 2022, Amsterdam Trade Bank N.V. (“ATB”) filed for bankruptcy and was declared bankrupt by the Amsterdam District Court. UK and US sanctions have caused operational difficulties, as the majority of ATB’s counterparties, including corresponding banks and infrastructure providers, find it difficult to continue supporting ATB. The court has appointed A. van Hees and J.E.P.A. van Hooff as bankruptcy trustees. The deposit guarantee scheme will come into effect as a result of the bankruptcy. Information on the deposit guarantee scheme for ATB can be found at http://www.dnb.nl. De Nederlandsche Bank (DNB) publishes news about deposit guarantees on its website and in national newspapers. Account holders will receive a letter from DNB shortly. This way, everyone receives information about the procedure for receiving the compensation. The trustees will inform the creditors in more detail via this website in the near future. Rob Sebes (+31653547705) is available to answer any questions from the press. corporateoffice@atbank.nl
The Amsterdam Trade Bank (ATB), a subsidiary of the sanctioned Russian Alfa-Bank, was declared bankrupt.
This was announced by the Central Bank of the Netherlands (DNB) with reference to the decision of the District Court of Amsterdam.
According to documents at the Dutch Chamber of Commerce, the ultimate beneficial owner of ATB Bank is sanctioned Russian billionaire Mikhail Fridman.
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