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Sanctions-hit Amsterdam Trade Bank declared bankrupt

Amsterdam Trade Bank (ATB), a subsidiary of Russia’s Alfa Bank, has been declared bankrupt, the Dutch central bank (DNB) said on Friday. The bank submitted an application for bankruptcy, having been hit hard by sanctions in the wake of Russia’s invasion of Ukraine. The commercial bank, founded in 1994, had a sizeable ship finance division. …

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Amsterdam Trade Bank (ATB), a subsidiary of Russia’s Alfa Bank, has been declared bankrupt, the Dutch central bank (DNB) said on Friday. The bank submitted an application for bankruptcy, having been hit hard by sanctions in the wake of Russia’s invasion of Ukraine. The commercial bank, founded in 1994, had a sizeable ship finance division. …

[post_title] => Sanctions-hit Amsterdam Trade Bank declared bankrupt [post_excerpt] => Amsterdam Trade Bank (ATB), a subsidiary of Russia’s Alfa Bank, has been declared bankrupt, the Dutch central bank (DNB) said on Friday. The bank submitted an application for bankruptcy, having been hit hard by sanctions in the wake of Russia’s i... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => sanctions-hit-amsterdam-trade-bank-declared-bankrupt [to_ping] => [pinged] => [post_modified] => 2022-04-25 05:24:29 [post_modified_gmt] => 2022-04-25 05:24:29 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=164758 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )