Global crisis costs Dutch banks EUR 16b

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The Dutch central bank says banks in the Netherlands have made a loss of EUR 16 billion since August 2007.

18 September 2008

THE NETHERLANDS -- The global financial crisis has cost Dutch banks more than EUR 16 billion since August 2007, the Dutch Central Bank (DNB) wrote in its quarterly report released Wednesday.

According to the report, the Dutch banks made a loss of EUR 1.5 billion in the second quarter 2008 - less than they did in the first quarter.

The central bank also said it did not expect substantial price drops on the Dutch residential real estate market as in Great Britain and the United States.

The DNB said the credit crisis has cost international banks worldwide more than EUR 352 billion in total.

[dpa / Expatica]

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