Five Dutch banks want to team up and establish an organization to tackle money laundering together. The idea is that by viewing the banks' total 10 billion transactions per year together, it will be easier for the organization - which they plan to call Transactie Monitoring Nederland (TMNL) - to identify suspicious activities, the Dutch association of banks NVB said to RTL Nieuws.
Since 2010 Dutch banks and insurers provided around 7.9 billion euros in financing to large shale gas and plastic companies, according to research by the Fair Banking and Insurance Guide. ING was the largest Dutch financier for these companies, investing 3.5 billion euros into them, NU.nl reports.
Many ING customers are furious about CEO Ralph Hamers' salary increase from 2 million to 3 million euros per year and are switching to sustainable banks like Triodos and ASN, the Parool reports.
An ASN spokesperson told the newspaper that the bank saw five times more new customers between Thursday and this weekend than usual, as well as a tenfold increase in the number of applications for accounts. "If people indicated online why they're switching, it usually involved the hassle at ING."
Closing the Hemweg coal plant in Amsterdam wil not cost 55 million euros as utility firm Nuon claims, but closer to 10m million euros, according to Arnoud Kamerbeek, energy expert and former chairman of Zeeland energy company Delta. Energy company Vandebron managed to raised its bid to close the Hemweg coal plant to 5 million euros, the Volkskrant reports.
Triodos bank is the first Dutch bank to drop its interest rate to 0.0 percent. From April Triodos customers will no longer get any interest on their regular internet savings account, NOS reports. Triodos already had the lowest interest rate of all Dutch banks. In October the bank lowered its interest rate to 0.1 percent.
Dutch banks still generally fall seriously short when it comes to climate policy and that sets the organizations behind, according to a new report published by the Fair Bank Guide on Wednesday, ANP reports.
Only SNS, ASN and Triodos scored well on their climate policy. Aegon, ING, ABN Amro, Rabobank, Delta Lloyd and Van Lanschot all scored an insufficient. According to the researchers, most Dutch banks don't require oil companies to prevent drilling in the fragile Arctic. They also don't publish measurable CO2 reduction targets for the companies in which the invest.
Triodos bank saw a massive profit increase of 35 percent last year. The bank's clients increased by 15 percent, which means it had to put less money aside for bad loans
Dutch banks invested a massive 27 billion dollars in fossil fuel companies over the past five years. This accounts for 77 percent of the total investments in energy.
Triodos Bank may refuse opening an account for Proud, an association of sex workers, wrote Finance Minister Jeroen Dijsselbloem to parliament on Thursday. The bank gave sufficient reason in denying the organization access to its services, according to the minister.
Tiriodos Bank refused to open a bank account for the interest group for sex workers PROUD, RTL reports. The bank informed PROUD of its decision in a letter.
Triodos Bank is expected to benefit significantly from the social outcry that followed last week’s steep salary increases at ING and ABN Amro. a thousand new customers signed up with the bank last weekend, which is around five times the norm, a spokesman for Triodos told broadcaster NOS.