Wednesday 16 May 2012

ABN AMRO Bank N.V

  Unknown       Wednesday 16 May 2012

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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