Roshniea Nageswar

DSB Bank

DSB Bank (DSB: Dirk Scheringa Beheer) was a Dutch bank and insurer that failed in 2009. The company was founded in 1975 by Dirk Scheringa (nl), the sole shareholder. It was originally called Buro Frisia, but in 1998 the DSB Groep (English: DSB Group) was founded which included Buro Frisia. The bank made the news several times, due to, among numerous things, overpriced mortgages and deferred annuities. On 19 October 2009, the Amsterdam court declared DSB Bank to be in bankruptcy DSB Bank was a fully licensed bank in the Netherlands, providing mortgages, consumer loans, savings and insurance products to retail clients. The bank had a leading market share in the Dutch market for consumer loans. DSB Bank also had operations in Belgium, Germany and Slovenia. DSB Bank, is privately owned by mr. Dirk Scheringa, currently CEO of DSB Bank, Chairman of the Executive Management Board. DSB Bank also operated in the Dutch market under several well established brand names such as Frisia Financieringen, Lenen.nl, Postkrediet and Becam. DSB Bank had a clear mission; an independent bank that strives to be the best consumer bank in The Netherlands, offering consumers straightforward financial products at the most attractive price.