ABN
AMRO Bank N.V
|
|
 |
|
Type
|
Temporary
public ownership
|
Industry
|
Financial
services
|
Founded
|
1991
|
Headquarters
|
Amsterdam,
Netherlands
|
Key
people
|
Gerrit
Zalm (CEO)
|
Products
|
Asset
management
Commercial
banking
Investment
banking
Private
banking
Retail
banking
|
Owner(s)
|
Kingdom
of the Netherlands
|
Employees
|
31,000(2010)
|
Website
|
|
ABN
AMRO Bank N.V.
is a Dutch stat e-owned
bank with headquarters in Amsterdam. It was re-established, in its current form,
in 2009 following the acquisition and break up of ABN AMRO Group by a banking
consortium consisting of Royal Bank of Scotland Group, Santander and Fortis.
Following the collapse of Fortis, the acquirer of the Dutch business, it was
nationalized by the Dutch government along with Fortis Bank Nederland.
The
bank is a product of a long history of mergers and acquisitions that date back
to 1765. In 1991 Algemene Bank Nederland (ABN) and Amsterdam and Rotterdam Bank
(AMRO) agreed to merge to create the original ABN AMRO. By 2007 ABN AMRO was
the second largest bank in the Netherlands and eighth largest banks in Europe
by assets. At that time the magazine The Banker and Fortune Global 500 placed
the bank at number 15thin the list of world’s biggest banks and it had
operations in 63 countries, with over 110,000 employees.
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