Comment by kaon_2
1 day ago
ASN has been dysfunctional for years. They needed a bailout and ever since have only deteriorated in their operations. To be fair, their risk management has surely improved and their new CEO is great. But their actual operations are superbad. They only do the easy loans and mortgages because anything else they can't do. Still I think as a bank they are doing well, everyone is opening accounts there. Marketing matters more than service I suppose.
“Needed a bailout” is putting it mildly. ASN bank is 100% owned by the state since the got in trouble (like 90% of other Dutch banks).
It's a bit outdated. The big green one isn't in the government majority ownership for a year and some now, so we installed back those glass shelves and cocaine dispensers in all restrooms by now.
Yes, the state is divesting from ABN AMRO (and apparently making a profit on it) but ASN is still 100% owned. I think Rabobank was the only one of the big banks that did not need state sponsorship. Probably due to the fact they are a cooperation and don't have shareholders to please.
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