The outgoing chief executive of ABN Amro, Rijkman Groenink, was on Thursday granted €4.3m ($6.2m) in severance pay as acquirer Royal Bank of Scotland prepared further to dismantle and absorb the Dutch bank into its global operations.

Mr Groenink’s options and share awards, which amount to €26m, are in addition to the €4.3m in severance pay, which comprises 22 months’ salary plus a bonus.