The history of ABN AMRO goes back to 1824, when Willem I, the Dutch King initiated the foundation of Nederlandsche Handel-Maatschappij (Netherlands Trading Society, NTS) in The Hague.
From1964, after the merger with Twentsche Bank, NTS changed its name to Algemene Bank Nederland (ABN Bank). ABN changed its name to ABN AMRO after the merger with AMRO Bank in Amsterdam in 1991.
The ABN AMRO Group has a global tagline-"Making More Possible" and a green and yellow shield as a logo. The Group focuses on sustainability, synergies and business principles which together help to form their shared values and identity.
They believe in the concept of sustainable development based on creating long-term value for their shareholders, clients and employees. The mission of ABN AMRO is Accountability i.e., their role as a financial intermediary, providing responsible financial services, protecting assets and community involvement through social services.
Areas of operation of ABN AMRO
Personal Banking
1. Personal loans
2. Credit cards
3. Mortgages
4. Savings
5. Retirement planning
6. Education planning
7. Personal internet banking
8. Insurance
9. Online trading
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Private Banking
Helping private clients in the following areas:
1. Banking
2. Investment Advisory
3. Discretionary Portfolio Management
4. Investment Funds
5. International Estate Planning
6. Trust
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Business and Commercial
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Corporate and Institutional
Key Statistics
- Total assets of EUR 999 billion (as at 30 September 2006). Ranks 8th
in Europe and 13th in the world based on total assets.
- More than 4,500 branches in 53 countries.
- A staff of over 110,000 full time equivalents.
- Profit for the 1st half of 2006 is up 17.7% compared with first half
of 2005. Profit for the first nine months rose 8.7% compared to first nine months
of 2005.
ABN AMRO values good Corporate Governance and conducts relations between Supervisory Board, Managing Board and its Shareholders. In the structure of the organization there is important influence of:
- Shareholders
- Managing Board
- Supervisory Board
- Trust Office
- Audit Committee etc.
International Ranking
- Ranks 41 in the world according to the Forbes Magazine.
- Ranks 82 in the Global 500 rankings of the Fortune Magazine.
ABN AMRO has many subsidiary units worldwide. To name a few:
- Frankfurter Kreditbank is a subsidiary of ABN AMRO Bank in Germany.
- Bouwfonds is a fully owned subsidiary of ABN AMRO.
- Banca Antonveneta is an Italian subsidiary of ABN AMRO. Etc.
As a widely based growing company, ABN AMRO is almost always involved in some merger or acquisition activities. Some recent news is:
- ABN AMRO has opened a branch in second life, a 3 dimensional virtual
world on the internet.
- ABN AMRO is about to sell its private banking activities in Monaco
to CMB.
- ABN AMRO has purchased Banca Antonveneta in Italy. Antonveneta has adopted new logo and branding.
Headquarter Address:
ABN AMRO Bank N.V.Head Office
Gustav Mahlerlaan 10
1082 PP Amsterdam
Website URL: www.abnamro.com
