De Surinaamsche Bank

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De Surinaamsche Bank is one of the largest banks in Surinam.

[edit] History

  • 1865: Simon Abendanon founds De Surinaamsche Bank (DSB) in Paramaribo. The Bank’s headquarters remains in Amsterdam though.
  • 1948: Nederlandsche Handel-Maatschappij acquires the bank.
  • 1951: Nederlandsche Handel-Maatschappij, which owns all the shares of DSB, transfers DSB’s headquarters to Paramaribo.
  • 1957: DSB gives up the right to issue notes to the newly-formed Central Bank of Surinam.
  • 1964: Nederlandsche Handel-Maatschappij merges with De Twentsche Bank to form Algemene Bank Nederland (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 AMRO sells its 49% holding in DSB to Assuria N.V. Assuria already owns 5.6% of DSB so the purchase gives it majority control.

[edit] External links