ASN Bank is a

Dutch Dutch or Nederlands commonly refers to: * Something of, from, or related to the Netherlands ** Dutch people as an ethnic group () ** Dutch nationality law, history and regulations of Dutch citizenship () ** Dutch language () * In specific terms, i ...

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

, now a brand name for some

consumer banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ba ...

operations by de Volksbank. ASN focusses on

socially responsible Social responsibility is an ethics, ethical concept in which a person works and cooperates with other people and organizations for the benefit of the community. An organization can demonstrate social responsibility in several ways, for instanc ...

and

sustainable Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. Sustainability usually has three dimensions (or pillars): env ...

investments. ASN Bank was founded on May 1, 1960, by the union of ''Federatie Nederlandse Vakbeweging (Federation Dutch Labour Union)'' ( FNV) and the insurance company de Centrale (now Reaal insurances). Until the 1990s it was possible to open an ASN savings account through the

Postbank Post Office Savings Bank, or very briefly PostBank (trading name of Post Office Bank Limited), was a bank owned by the New Zealand Government as the government's postal savings system. The bank was established in 1867. It became PostBank in ...

, which were known as 'vakbondsspaarrekeningen' (union savings accounts). ASN Bank is currently the second largest sustainability-driven bank in the Netherlands, and was elected as the second most climate-friendly bank in the Netherlands (in both instances behind

Triodos Bank Triodos Bank N.V. is an ethical bank based in the Netherlands with branches in Belgium, Germany, United Kingdom, and Spain. It was founded in 1980. History The name Triodos is derived from the Greek "τρὶ- (tri, three) and ὁδος (hod ...

). ASN Bank has experienced rapid growth in recent years, in terms of the number of customers, in terms of assets entrusted to the bank, etc. Net profit has risen sharply since 2009, mainly due to the higher interest margin, the difference in interest on the borrowed and lent money. In the period from 2009 to 2013, ASN Bank's contribution to social partners and the ASN Foundation increased from 0.6 million euros to 2.6 million.

References

Banks of the Netherlands Banks established in 1960 Dutch companies established in 1960 Companies based in The Hague {{Netherlands-bank-stub