The Hague - ABN Amro board members are giving up a 100 000-euro pay increase after the Dutch government delayed a decision on selling the nationalised bank amid public outrage at the raise.
The directors said in a statement on Sunday they made the decision “now that our remuneration is the subject of discussion and threatens to affect the future of ABN Amro”.
The bank announced this month that most of its directors had received the pay increase to compensate for the fact that they were banned from receiving bonuses after the bank was nationalised in 2008.
Anger at the decision led Finance Minister Jeroen Dijsselbloem to announce on Friday he was delaying selling the bank.
Dijsselbloem welcomed Sunday's decision, saying he would reconsider the sale after a parliamentary debate.
Sapa-AP