Dutch finance minister Jeroen Dijsselbloem said he will seek a stock market listing for Dutch bank ABN Amro only when a dispute over executive pay and banking ethics is resolved. "I cannot name any term in which I will resume my proposal to let ABN Amro return to the market," Dijsselbloem wrote in a letter to parliament ahead of a debate on Thursday.
Dutch Prime Minister Mark Rutte said last week it was still possible his government would seek a stock market listing for ABN Amro this year. ABN Amro was nationalised in 2008 in a bailout that eventually cost taxpayers 24 billion euros ($26 billion). After years of cost-cutting and refocusing operations on the Dutch market, ABN Amro's year-end 2014 book value was 14.9 billion euros.
Dijsselbloem said that first the open questions surrounding the bank must be resolved, but added that "state ownership of the bank is itself no guarantee for a solid, transparent and trustworthy banking sector.
Comments
Comments are closed.