The outflow of capital threatened DSB Bank NV's existence, due to which it was placed under the control of the central bank recently. DSB is operated by the owner of the Dutch national soccer champion.

As per a statement by the Dutch finance ministry, this out come was expected. Today, the central bank described the solvency of closely held DSB Bank under great pressure. 

Due to the financial crisis, over $500 billion have gone in losses for Banks in Europe since the commencement of 2007.
 
In 2008, the Netherlands purchased Fortis' Dutch banking and insurance businesses and its stake in ABN Amro Holding NV for 16.8 billion euros, following the company ran out of short-term funding as customers withdrew deposits and investors lost confidence. Apart from this, the state also widened a 10 billion-euro ($14.8 billion) lifeline to ING Groep NV.

DSB Groep NV, the parent company, situated in Wognum, the Netherlands, sells loans, insurance and mortgages via telephone call centers, direct mail and the Internet. It was in 2005 that AZ soccer team was bought by founder and Chief Executive Officer Dirk Scheringa, who acts as its chairman now. 

DSB, the Dutch central bank and the Finance Ministry made efforts to sell the bank over the weekend to a group of five banks including ING Groep NV, ABN Amro, Rabobank, Fortis Bank Nederland and SNS Reaal NV.

Scheringa, CEO of DSB concluded, "It's very unjust that this has happened. We considered the problems not to be grave, so not a lot is needed to make this work again but people need to cooperate." 

He concluded that the bank held 4.2 billion euros in deposits and other 600 million euros had been taken out.