Friesland Bank was a Dutch retail bank originally focusing on the northern provinces of the Netherlands, Friesland,

Groningen Groningen (; gos, Grunn or ) is the capital city and main municipality of Groningen province in the Netherlands. The ''capital of the north'', Groningen is the largest place as well as the economic and cultural centre of the northern part of t ...

Drenthe Drenthe () is a province of the Netherlands located in the northeastern part of the country. It is bordered by Overijssel to the south, Friesland to the west, Groningen to the north, and the German state of Lower Saxony to the east. As of Nov ...

Overijssel Overijssel (, ; nds, Oaveriessel ; german: Oberyssel) is a Provinces of the Netherlands, province of the Netherlands located in the eastern part of the country. The province's name translates to "across the IJssel", from the perspective of the ...

, and

North Holland North Holland ( nl, Noord-Holland, ) is a province of the Netherlands in the northwestern part of the country. It is located on the North Sea, north of South Holland and Utrecht, and west of Friesland and Flevoland. In November 2019, it had a ...

. On 2 April 2012 Friesland Bank announced that it would become a 100% daughter of

Rabobank Nederland Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Raboba ...

after a merger plan with NIBC was blocked by De Nederlandse Bank.

History

Founded in 1913 as the Coöperatieve Zuivelbank ''(Co-operative Dairy bank)'', it affiliated with "Raiffeisenbank". However, as Raiffeisenbank merged with the Boerenleenbank to form Rabobank, the Coöperatieve Zuivelbank was once again fully independent. In 1970, the company changed its name to Friesland Bank. Originally operating only in Friesland itself, Friesland Bank started opening branches in the northern Netherlands in the 1990s. In 2011, the bank was in dire straits, suffering a loss of € 350 million, partly as a result of an extra write-down on the interest in Van Lanschot and loan losses. Van Lanschot's planned sales plans were not realised. The solvency ratios fell below the established standards. The BIS ratio fell to 6.1%, which is far below the standard of 8% and the Tier1 ratio more than halved to 4.2%.

References

External links

Friesland Bank website
Banks of the Netherlands Banks established in 1913 Companies based in Friesland Leeuwarden Dutch companies established in 1913 {{Netherlands-bank-stub