Thomas F. Borgen, who in september had to withdraw from the position as executive director in Danske Bank, after the great Estonian hvidvaskskandale, as announced at the time of his departure got a year’s salary.
It shows the accounts for the year 2018, which is presented on Friday morning.
– Thomas F. Borgen terminated from his position as executive director of the 19. september 2018, and was exempted from its obligation to pay the 1. October 2018.
With a glance at the exceptional circumstances in 2018 Thomas F. Borgen renounced his rights to the bonus under the short-term incentive program, writes Danish Bank in the financial statements.
The now former director, who was further burdened by the to have been responsible for the Estonian branch, before he was topmand in the entire Danske Bank, however, goes not empty-handed from the bank.
According to the accounts he received a salary in the period of 2018 to its termination at 12.7 million dollars.
His employment with Danske Bank ends on 30. september 2019. In this period, the servant of Thomas F. Borgen additional 15 million dollars, of which 3.6 million is paid in 2018, writes the bank.
Thomas F. Borgen has, however, renounced his right to the bonuses under Danske Bank’s incentive of 7.2 million dollars, that otherwise could have come on top of.
It is Thomas F. Borgen (not the one in the. In fact, the whole management of Danske Bank renounced the right to bonuses in 2018, there has also been a rædselsår for the bank’s shareholders.
In 2018 fell, the bank’s market value by almost 50 percent, or 101 billion.
Thomas F. Borgen was the managing director of Danske Bank from 2013 to 2018. From 2007 to 2015 was the bank’s Estonian branch used for massive money laundering.
In spite of many warnings, did the management not to stop the lucrative but shady business in Estonia.