Amsterdam
- DSB Bank owner-director Dirk Scheringa
is considering a plan that would offer his ailing bank help from
savers. The plan would call for savers to convert a portion of their savings into shares in a bid to lower the DSB’s
debts. Savers would provide 70 million euros. Mr Scheringa would then match that
amount.
For such a plan to become reality, it would first have to have the support of the Dutch central
bank. Two weeks ago, the central bank lowered the maximum credit for DSB by 800 million to one billion euros and the plan can only go ahead if that decision is
reversed. It would also require an Amsterdam court to extend a deadline it imposed on Mr Scheringa to find a buyer for the
bank. On Friday, the court gave him until nine o'clock on Monday morning to find a company to take over DSB. If he fails to do so, the bank will be declared
bankrupt.
