ASN Bank’s remuneration policy is based on our identity as a socially responsible bank and our moderate risk profile. The policy applies to all employees, with separate provisions for the ExBo and SB. The policy complies with all legal and regulatory requirements and is reviewed regularly.

Remuneration-related risks and their mitigation are periodically analysed through a remuneration risk assessment.

Over the years, the remuneration policy has been increasingly aligned with the kind of bank we strive to be. Human-centred banking requires a policy that matches. Our remuneration policy is built on creating shared value for all stakeholders. Equal pay applies to equal roles, and characteristics such as gender or ethnic background have no impact on compensation or recognition. ExBo compensation is reasonably aligned with employee salaries and average national income levels. We do not offer variable remuneration, as this does not fit our bank’s societal character.

The remuneration levels for the SB and ExCo are below the median of benchmark groups in both financial and non-financial sectors in the Netherlands.

The remuneration policy meets all relevant legal requirements, including those under the Financial Enterprises Remuneration Policy Act (Wbfo), the Dutch bonus ban (as included in the Financial Supervision Act), the Controlled Remuneration Policy Regulation, the Dutch Corporate Governance Code and the Dutch Banking Code. ASN Bank has no variable remuneration schemes.