Van der Hoop Bankiers
Encyclopedia
Van der Hoop Bankiers N.V. is a Dutch
bank
currently in state of bankruptcy
and put under supervision of court-ordered curator
s.
The bank was founded by Cornelis van der Hoop in Rotterdam
in 1895, with its headquarters moved to Amsterdam
some time later.
On December 9, 2005, the bank was found by a Dutch court to be in a position in which it requires special attention. Its liquidity position was found to be existing out of € 140 million in demands, while its credit facilities consisted of only a mere € 68 million. Also, the Nederlandsche Bank
(Dutch central bank
) was concerned about the solvency
of the bank. The bank was declared bankrupt by the same court on December 16, 2005, when the bank showed it had a negative balance
of € 9 million. Earlier in 2005, the bank had settled a claim of € 5.5 million with the Dutch Tax and Customs Administration (Belastingdienst) for not paying some of the corporative taxes on its daughter companies.
Under the Deposit Guarantee Scheme (depositogarantiestelsel) of De Nederlandsche Bank
, account holders were eligible for a compensation up to a maximum of € 20,000 and in fact received twice this protection from the scheme.
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
currently in state of bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
and put under supervision of court-ordered curator
Curator
A curator is a manager or overseer. Traditionally, a curator or keeper of a cultural heritage institution is a content specialist responsible for an institution's collections and involved with the interpretation of heritage material...
s.
The bank was founded by Cornelis van der Hoop in Rotterdam
Rotterdam
Rotterdam is the second-largest city in the Netherlands and one of the largest ports in the world. Starting as a dam on the Rotte river, Rotterdam has grown into a major international commercial centre...
in 1895, with its headquarters moved to Amsterdam
Amsterdam
Amsterdam is the largest city and the capital of the Netherlands. The current position of Amsterdam as capital city of the Kingdom of the Netherlands is governed by the constitution of August 24, 1815 and its successors. Amsterdam has a population of 783,364 within city limits, an urban population...
some time later.
On December 9, 2005, the bank was found by a Dutch court to be in a position in which it requires special attention. Its liquidity position was found to be existing out of € 140 million in demands, while its credit facilities consisted of only a mere € 68 million. Also, the Nederlandsche Bank
De Nederlandsche Bank
De Nederlandsche Bank is the central bank of the Netherlands. It is part of the European System of Central Banks .-History:...
(Dutch central bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
) was concerned about the solvency
Insolvency
Insolvency means the inability to pay one's debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts.Business insolvency is defined in two different ways:...
of the bank. The bank was declared bankrupt by the same court on December 16, 2005, when the bank showed it had a negative balance
Balance sheet
In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership or a company. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A...
of € 9 million. Earlier in 2005, the bank had settled a claim of € 5.5 million with the Dutch Tax and Customs Administration (Belastingdienst) for not paying some of the corporative taxes on its daughter companies.
Under the Deposit Guarantee Scheme (depositogarantiestelsel) of De Nederlandsche Bank
De Nederlandsche Bank
De Nederlandsche Bank is the central bank of the Netherlands. It is part of the European System of Central Banks .-History:...
, account holders were eligible for a compensation up to a maximum of € 20,000 and in fact received twice this protection from the scheme.