De Surinaamsche Bank
Encyclopedia
De Surinaamsche Bank or DSB is one of the largest banks in Suriname
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Suriname
Suriname , officially the Republic of Suriname , is a country in northern South America. It borders French Guiana to the east, Guyana to the west, Brazil to the south, and on the north by the Atlantic Ocean. Suriname was a former colony of the British and of the Dutch, and was previously known as...
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History
- 1865: Simon Abendanon founds De Surinaamsche Bank (DSB) in ParamariboParamariboParamaribo is the capital and largest city of Suriname, located on banks of the Suriname River in the Paramaribo District. Paramaribo has a population of roughly 250,000 people, more than half of Suriname's population...
. The Bank’s headquarters remains in Amsterdam though. - 1948: Nederlandsche Handel-MaatschappijNederlandsche Handel-MaatschappijThe Netherlands Trading Society was a Dutch trading company established in 1824 by King Willem I of the Netherlands to promote and develop trade, shipping and agriculture...
acquires the bank. - 1951: Nederlandsche Handel-Maatschappij, which owns all the shares of DSB, transfers DSB’s headquarters to ParamariboParamariboParamaribo is the capital and largest city of Suriname, located on banks of the Suriname River in the Paramaribo District. Paramaribo has a population of roughly 250,000 people, more than half of Suriname's population...
. - 1957: DSB gives up the right to issue notes to the newly-formed Central Bank of SurinameCentral Bank of SurinameThe Central Bank of Suriname is Suriname's highest monetary authority and the country's governing body in monetary and economic affairs.The Central Bank's tasks were legislated in the Bank Act of 1956. Like other central banks, it is the principal monetary authority of the country...
. - 1964: Nederlandsche Handel-Maatschappij merges with De Twentsche Bank to form Algemene Bank NederlandABN AMROABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...
(ABN). - 1977: The government of the Surinam Republic nostrifies DSB. The government takes 10% of the shares and requires that the bank sell 41% to the public. ABN retains 49%.
- 2001: ABN AMROABN AMROABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...
sells its 49% holding in DSB to Assuria N.V. Assuria already owned 5.6% of DSB so the purchase gives it majority control.