Another director leaves DSB bank

Weeks after finance director Frank de Grave quit non-listed DSB bank, the head of savings and investment René Frijters has also resigned.

Frijters left because he had difficulty accepting the fact he could not be his own boss, news agency ANP quoted a DSB spokesman as saying.
Frijters was one of the founders of online investment bank Alex, who left when it was sold to competitor Binck.
De Grave, a former government minister, left in May, apparently because he did not get on with the rest of the board.
DSB is currently under fire for being too generous in its mortgage provisions. Last week it emerged the bank had been fined €120,000 for giving people too-high mortgages.
The Telegraaf reported at the weekend that DSB, which is headed by former policeman and the chairman of football club AZ Dirk Scheringa, had tried to surpress news of the financial services authority fines.
The AFM investigation could have ‘far reaching consquences’ for the bank’s financial position, the paper quoted a DSB letter as saying.
And DSB called for the publication of the fine to be done anonymously so that ‘DSB’s identity cannot be established by the general public or other market players’, the Telegraaf claims.
A DSB spokesman told the paper it was normal for companies which are fined by the AFM to ask for anonimity.

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