De Nederlandsche Bank’s own role in slavery investigations

The Dutch Central Bank (DNB) will investigate their own involvement in the Dutch slavery. This has confirmed the central bank after reporting by Pretty Netherlands.

Research by Pretty Netherlands showed that the trading houses of two former presidents of DNB were involved in the trade of slavery. In addition, several directors were involved in compensation from the Dutch government, while the abolition of slavery in 1863.

OneWorld did in 2018 been investigating what way several Dutch banks were involved in the slave trade. Last month, the Bank of England was all out of excuses for involvement in slavery. Or DNB there also is far, it is not yet clear.

“We are aware of the current debate on the Dutch slavery and therefore partly as a result of research at the Bank of England decided to historical research into the relationship between DNB and slavery” show, the Dutch regulator has to know.

DNB will ask an independent party to conduct historical research. “It will look at the role of DNB as an institution in the early years of its existence and to former presidents and directors.”

A few weeks ago gave some banks and insurance companies already go to their slavery investigating whether to bring this past more attention

These include for ASR, Insinger Gilissen and ABN Amro. They reacted late June against RTL Z at the excuses that have recently made a number of British companies for their slavery.

Much of the bankers and merchants in cities like Amsterdam and Rotterdam had left or right to the eighteenth century slavery, Tamira Combrink said of the Institute on RTL Z.

Some of them were directly involved, for example because they provided loans to transport slaves, or had shares therein. Other financiers policyholders ‘cargo’ ships.

Another part was trading in coffee, sugar cane, tobacco or cotton from the plantations and therefore was indirectly involved. One in five products Netherlands traded in 1770 came from slave plantations.

In Europe, Dutch financiers were remarkably active in providing loans to plantation owners in the eighteenth century.

They were here at that time a unique method devised called ‘negotiation’. The loan, a mortgage with the plantation as collateral, was cut into pieces which were then sold to interested parties.

This enabled not only traders invest, but also many families who had saved a little money. So too were “ordinary” citizens directly involved in the plantation slavery.

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