SNP bank lost £15million...so why was boss rewarded for such abject failure with £8,000-a-month in bonuses?

Scotland's taxpayer owned investment bank has awarded its boss bonuses worth more than £8,000 a month despite racking up millions in losses. The Scottish National Investment Bank lost £14.6 million last financial year, including £8m following the collapse of the firm set up to run the beleaguered SNP/Green deposit return scheme. Douglas Lumsden, Scottish Conservative Net Zero, Energy and Transport spokesman, said: ‘The SNP’s flagship national bank is continuing to rack up eye-watering losses, yet failures are continuing to be rewarded. Kate Forbes, the deputy first minister, said: ‘Having achieved an operating profit and nearly doubled its annual operating income in only its third full year since opening for business, the figures demonstrate a strong performance and increasingly promising future for the publicly-owned Scottish National Investment Bank. ‘The key missions of The Bank remain closely aligned to the First Minister’s priorities, and it continues to make strategically important investments - from green energy to our net zero transformation and high-growth innovation - to help shape a strong, growing and vibrant Scottish economy.’ Its accounts, published this week, also highlighted concerns surrounding its gender pay gap - the difference between what men and women earn.