Rabobank pays fine for old remuneration issue dating from 2014

Rabobank has been fined EUR 2 million by Dutch regulator DNB for incorrect application of European remuneration rules in its international business. The case occurred in 2014.

Wiebe Draijer, chairman of the Managing Board: ‘The fine relates to an old case dating from 2014. In that year we did not correctly apply European remuneration rules to a small group of employees in our international business. We accept the fine which DNB is now imposing. From 2015 these European remuneration rules have been correctly applied.’

Published: February 13th 2020, 09:45 CET

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