Dutch government delays decision on sale of ABN Amro bank

Staff Writer
Columbus CEO

THE HAGUE, Netherlands (AP) — The Dutch government is delaying a decision on the sale of nationalized bank ABN Amro amid anger at pay rises recently given to the bank's directors.

Finance Minister Jeroen Dijsselbloem says in a brief letter to lawmakers Friday that the decision on selling ABN Amro, which was to have been taken by the end of March, has been postponed. He does not say when the decision will be taken.

ABN Amro announced last week that most of its directors had received pay rises of just over 100,000 euros ($110,000) per year to compensate for the fact that they were banned from receiving bonuses after the Dutch state nationalized the bank in 2008.