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NIBC takes over mortgage customers DSB Bank | Financial

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After the collapse of Dirk Scheringa’s DSB Bank, all customers with a mortgage and/or consumer credit were transferred to the management institution Finqus in 2018. NIBC is now taking over the loans of more than 17,000 customers with a total size of approximately €1.5 billion.

The former DSB customers will receive a letter this week with an explanation about the takeover. “For customers, this means that they come to a bank that – unlike the current situation – can offer a lasting relationship,” said Finqus director Rudy Douma in a press statement.

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The actual transfer will probably only take place this autumn, once regulators De Nederlandsche Bank (DNB) and the Authority for Consumers & Markets (ACM) have approved the deal.

For NIBC, the acquisition of the DSB portfolio is the first since venture capitalist Blackstone took over the bank last year and delisted it. “The purchase once again underlines NIBC’s growth ambitions,” emphasizes CEO Paulus de Wilt.

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