Sunday 18 August 2019

DSB’s loan portfolio will not be sold off yet

The receivers winding up the affairs of bankrupt bank DSB have decided not to sell off the bank’s loan portfolio, the Leeuwarder Courant newspaper reports on Monday.


Instead the receivers are setting up a management company to look after the 150,000 consumer loans and mortgages, the paper said.
Receiver Rutger Schimmelpenninck told the paper a sale at the moment would not generate enough cash, despite talks with a number of parties over the past few months.
Some 200 DSB workers are still employed at the bank’s headquarters in Wognum dealing with ongoing business, such as the loans.

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