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What does it mean when a bank is nationalised?

(2 Posts)
twinkletwinklepops Sat 09-Feb-13 20:06:26

Hi there - can someone help me understand what it means when a bank is nationalised.
The bank that I have my mortgage with has just been nationalised and I want to know if I need to do anything.
They've set up a Helpline for customers so I wondering if I need to be concern by this nationalisation?? Is there any impact on me or does it just mean the state is now the sole shareholder.
I live in holland.

Thank you.

BeforeAndAfter Sun 10-Feb-13 19:07:36

You're right - it means the government/tax payer owns either all or most of the bank's shares. Your mortgage should be fine but call the help-line and get all of your questions answered.

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