Friesland Bank

Friesland Bank was a Dutch retail bank originally focusing on the northern provinces of the Netherlands, Friesland, Groningen, Drenthe, Overijssel, and North Holland.

On 2 April 2012 Friesland Bank announced that it would become a 100% daughter of Rabobank Nederland after a merger plan with NIBC was blocked by De Nederlandse Bank.

[1] This ended the era of a 100-year-old regional bank for the Northern Netherlands.

However, as Raiffeisenbank merged with the Boerenleenbank to form Rabobank, the Coöperatieve Zuivelbank was once again fully independent.

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.

Friesland Bank