ASN Bank is a former Dutch

bank A bank is a financial institution that accepts 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 markets. Because ...

, 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. Banking servi ...

operations by de Volksbank. ASN focusses on

socially responsible Social responsibility is an ethical framework in which an individual is obligated to work and cooperate with other individuals and organizations for the benefit of the community that will inherit the world that individual leaves behind. Social ...

and

sustainable Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable livin ...

investments. ASN Bank was founded on May 1, 1960, by the

union Union commonly refers to: * Trade union, an organization of workers * Union (set theory), in mathematics, a fundamental operation on sets Union may also refer to: Arts and entertainment Music * Union (band), an American rock group ** ''Un ...

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 Postbank or Post bank may refer to: Postal savings systems (alphabetical by country) * Bulgarian Postbank, a Bulgarian retail bank * Chunghwa Post, a Taiwanese postal service that provides savings account services * Deutsche Postbank, a German reta ...

, 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). 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 {{Netherlands-bank-stub