Wednesday, April 22, 2015

Sustainable ASN Bank: less customers, less profits and CEO will be 4 percent … – z24

 ASN Bank, sustainable daughter brand of the nationalized SNS Bank, saw profits last year descend But CEO Ewoud Goudswaard get at least a bonus that made ASN announced Wednesday ASN Bank, sustainable subsidiary of SNS Bank, benefited in recent weeks from the bonusrel with another state bank:.... ABN Amro there arose fuss about the final award of compensation in 2012 promised a ton for members of the board controlled, exclusive CEO Gerrit Zalm.

CEO Ewoud Goudswaard SNS subsidiary ASN Bank. Photo Reuters

ASN Bank, sustainable daughter brand of the nationalized SNS Bank, saw its profits last year. But CEO Ewoud Goudswaard get there 4 percent

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That made ASN announced Wednesday

ASN Bank, the renewable subsidiary of SNS Bank, benefited in recent weeks from the bonusrel with another state bank:. ABN Amro. There arose fuss on the final award of 2012 promised compensation for a ton of members of the Board of Directors, excluding CEO Gerrit Zalm.

In recent weeks, ASN had an additional increase of “several thousand” new customers. According to director Ewoud Goudswaard is a part of it moved out of dissatisfaction with the remuneration policy in their previous bank.

Previously reported Triodos Bank that public outrage over salary increases had caused additional customers include ING bank. “But the arguments of customers to bank with ASN are wider. There has long been an undercurrent in the Netherlands, ranging from people who opt for sustainable banking, “stresses Goudswaard

Director of ASN Bank gets 231 thousand euro. Plus 4 percent

But what deserves Goudswaard itself? ASN showed Wednesday that the chief executive last year received a fixed salary of 198 thousand euros plus 33 thousand euros in connection with his retirement:. A total of 231 thousand euro

The remuneration of the CEO is 4 percent higher than in 2013, when Goudswaard a fixed remuneration received 190 thousand euros and a pension of 32 thousand euros, a total of 222 thousand euros,

according to the annual report.

According to ASN existed until last year still have the opportunity to variable remuneration attributable to the management, but that has not happened. From 2015, variable remuneration for the Board abolished.

The salary increase of 222 thousand euros to 231 thousand euros is Goudswaard, as director of a subsidiary of SNS Bank, some clearly above the so-called Balkenende norm, the salary of the Prime Minister. Prime Minister Rutte example currently earns significantly less than 200 thousand euros per year.

ASN Bank further reported Wednesday that the highest gross wages in the bank in 2014, 5.9 times higher than the lowest gross wage. Non-executives of the bank can incidentally still receive variable remuneration with a maximum 6.75 percent of the fixed salary.



Higher cost pressures profit ASN Bank

ASN Earnings Bank fell last year due to higher costs, the bank stated. Net profit fell by 12.3 percent to 58.6 million.

Compared to 2013, the costs increased by 78.5 percent to 68.2 million. ASN had once contribute 21 million euros to the nationalization of the financial group SNS Reaal. But the bank was also more money spent on personnel costs by increasing the number of employees, according to director Goudswaard in a statement. ASN currently has approximately 135 employees.



Fewer customers ASN by cleanup ghost accounts

The number of customers of the bank, whose activities are in their own words in the sign of a “just, lasting society, “took last year despite the arrival of 40,000 new customers on balance by 0.7 percent to more than 603,000.

The decrease ASN writes to a cleanup of the customer base, said goodbye example customers “who did nothing more” at the bank.

The total assets managed by ASN rose last year by 7.9 percent to 12.8 billion euros. More than 10.6 billion consists of savings from individuals, associations and foundations

Source: Z24 / ANP

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