FAQs - Frequently Asked Questions
FAQs - Frequently Asked Questions
1. Is it correct that Credit Europe Bank N.V. (CEB) is a Dutch bank?
2. Can the current financial developments affect CEB as it affected other banks?
3. Why is my money secure at CEB?
4. Why have the interest rates of CEB been repeatedly reduced within a short time during 2009?
5. How secure is your Internet Banking set-up?
1. Is it correct that
Credit Europe Bank N.V. (CEB) is a Dutch bank?
Yes. CEB is a Dutch entity provided with a full banking
license from the Dutch Central Bank since its registration in The Netherlands in
1994. CEB is the ‘parent’ bank of subsidiaries and branches in Western- and
Eastern Europe. CEB is not a subsidiary of another bank; CEB itself is the
holding bank (‘moederbank’) of a group of banks and other financial services
companies (like leasing companies). The equity of CEB is fully committed and
located/registered in The
Netherlands.
2. Can the current
financial developments affect CEB as it affected other
banks?
The crisis hitting the financial markets nowadays is also
felt by CEB. Fortunately, because CEB fully complied and still complies with
required regulatory capital minimums and rules of safe and sound banking
practices, CEB still stands solid in the turmoil. Additionally, because the
basis and the nature of CEB is international trade and commodity finance, it
did
not engage in investments in US subprime mortgages or related financial products.
3. Why is my money secure at CEB?
CEB is a stable and reliable
Dutch bank, established in The Netherlands since 1994. CEB has its head office
in Amsterdam. Being a customer of a Dutch bank, you can fully rely on the Dutch
Deposit Guarantee Scheme.
Your savings at Credit Europe Bank N.V. are 100% guaranteed for balances up to €100,000 per person. This is based on information published by the Dutch Ministry of Finance on 10th March 2009.
CEB is licensed
by the Dutch Central Bank, which supervises its banking activities on a
consolidated basis in and outside the Netherlands. For more information on the
Dutch Deposit Guarantee Scheme, please refer to the website of the Dutch Central
Bank at www.dnb.nl
.
4. Why have the interest rates of CEB been repeatedly reduced within a short time during 2009?
During the past months the prime rate set by the European Central Bank has been decreased several times. As Credit Europe Bank follows the ECB rate the CEB interest rates have been adjusted accordingly.
5. How secure is your Internet Banking set-up?
For more information on security details please click here.
The answers given in this document are based on the facts and situation of 17 October 2008.