Van der Hoop Bankiers

Van der Hoop Bankiers N.V. is a Dutch bank founded in 1895 currently in state of bankruptcy and put under supervision of court-ordered curators. History prior to 2005 The bank was founded by Cornelis van der Hoop in Rotterdam in 1895, with several branches including in The Hague. Its headquarters moved to Amsterdam some time later, at the " Gouden Bocht " at Herengracht 469 in Amsterdam. Until 2003 the bank's name was van der Hoop Effektenbank NV and it was a relatively small, specialized bank whose account holders were mainly wealthy individuals who had often been clients there for a long time. The bank was completely dependent on the securities company for its income. The new name was part of developments to offer banking services for mortgages, savings and asset management to additional, less wealthy, customers. This development was not very successful. Among other things, an attempt was made to provide film financing. At the end of 2004, Van der Hoop Bankiers' balance sheet total was 403.6 million euros, and the bank had approximately 100 million euros in assets. The mortgage portfolio amounted to approximately 150 million euros. Events and bankruptcy in 2006 On 9 December 2005 the bank was found by a Dutch court to be in a financial position that required attention. Its liquidity position was found to consist of €140 million in demands, while its credit facilities consisted of only €68 million. Also, the Netherlands central bank was concerned about whether the bank was solvent. Van der Hoop Bankiers was declared bankrupt by the same court on 16 December 2005, when the bank showed it had a negative balance of €9 million.