Six managing directors at the Dutch
bank ABN Amro have renounced a €100,000 ($109,000; £73,000) bonus after a
"public commotion", the bank says.
ABN Amro said
the outcry over the allowance, which was partly to compensate for
tougher laws on bankers' bonuses, was "detrimental" to clients,
employees and public trust.
"We understand and regret the turbulence that has arisen," it said.
ABN Amro was nationalised in 2008 during the financial crisis.
The
statement from the bank continued: "Now that our remuneration is the
subject of discussion and threatens to affect the future of ABN Amro, we
are putting the interests of the bank and the public first - as we
always do - and have decided to renounce the allowance.
"We hope this will bring the bank in calmer waters."
The
Dutch government had been planning to take the bank public this year,
but that was put on hold after news emerged of the extra pay.
The
Dutch Finance Minister Jeroen Dijsselbloem welcomed the latest move and
said that the government would now go ahead and discuss the stock market
listing.
ABN Amro's latest earning report showed the bank made an underlying profit of €1.5bn ($1.6bn; £1.1bn) in 2014.
In 2007, it was acquired by the Royal Bank of Scotland, Santander and Fortis and, in effect, broken up.
But
when the financial crisis hit the industry, the Dutch government had to
bail out the remaining parts of ABN and Fortis to the tune of €30bn.
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