ASN Bank
Encyclopedia
ASN Bank is a Dutch
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...

 bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

, part of SNS Reaal
SNS Reaal
SNS Reaal N.V. is a Dutch financial services provider, offering insurance and banking services to private individuals and medium and small enterprises. The banking services are offered through SNS Bank, while the insurances are offered through independent intermediaries. The company was formed in...

. ASN focusses on social responsible
Corporate social responsibility
Corporate social responsibility is a form of corporate self-regulation integrated into a business model...

 and sustainable
Sustainability
Sustainability is the capacity to endure. For humans, sustainability is the long-term maintenance of well being, which has environmental, economic, and social dimensions, and encompasses the concept of union, an interdependent relationship and mutual responsible position with all living and non...

 investments.

ASN Bank was founded on May 1, 1960 by the union of Federatie Nederlandse Vakbeweging (Federation Dutch Labour Union) (FNV
Federatie Nederlandse Vakbeweging
The Federatie Nederlandse Vakbeweging is a federation of trade unions of the Netherlands.-History:...

) 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 N.V.
The Postbank was a large Dutch bank, part of the ING Group. It had 7.5 million private account holders and was one of the largest providers of financial services in the country. It provided current and savings accounts, loans, mortgages, insurance, investments and pensions...

, which were known as 'vakbondsspaarrekeningen' (union savings accounts).

ASN Bank is currently the largest sustainability-driven bank in the Netherlands, and was elected as the second most climate-neutral bank in the Netherlands (behind Triodos Bank
Triodos Bank
Triodos Bank N.V. is a bank based in the Netherlands with branches in Belgium, Germany, United Kingdom and Spain. It is a pioneer in ethical banking. Triodos Bank finances companies which it thinks add cultural value and benefit both people and the environment...

).
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