DSB Bank pulls out of compensation deal

The row between the DSB Bank and dissatisfied customers took a new turn on Monday night with a last minute cancellation by bank officials to appear on the tv show Radar where they were due to sign a compensation deal.

Later in the evening, Jelle Hendrickx, spokesman for Stichting Steunfonds Probleemhypotheken (SSP) which represents some of the disgruntled customers, issued an ultimatum saying that he would take legal action unless the bank signs an agreement with customers by Friday.
He told the tv programme Nova that he had been negotiating with the DSB Bank for four years on behalf of customers who feel they have been over-charged for policies and mortgages.
Hendrickx said he had no idea whey the bank had pulled out of the deal reached at the weekend.
The DSB bank said it needed more time to work out the details of the agreement, according to media reports.
The Socialist Party has called on finance minister Wouter Bos for clarity on the position of the DSB Bank which has been under increasing pressure since last week. It also wants to know whether the central bank intervened to prevent the signing of the compensation deal on Monday.
Two lobby groups currently represent DSB customers who claim they have been cheated or sold too-high mortgages.
The second group, Hypotheekleed, is fighting for individual compensation for home owners who say they were advised to take our mortgages which they cannot afford.
The founder of Hyptheekleed, Pieter Lakeman, may also face an official investigation after he called on savers to withdraw their money from the bank in order to force it into bankruptcy.
‘We are not the ones to do this but I think it is worth the effort to look into the situation,’ Nout Wellink, head of the central bank, was quoted as saying in Monday’s Volkskrant.
Last week customers removed around €70m from the bank following a televised call by Lakeman to force the bank into bankruptcy. The bank holds some €4.3bn in clients’ assets, DSB spokesman Klaas Wilting said, declining to give further figures.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation