ABN AMRO
ABN AMRO Bank N.V. is the third-largest Dutch bank, with headquarters in Amsterdam. It was initially formed in 1991 by merger of the two prior Dutch banks that form its name, Algemene Bank Nederland (ABN) and Amsterdamsche en Rotterdamsche Bank (AMRO Bank).
ABN AMRO Head Office in Zuidas, Amsterdam | |
| Company type | Public (N.V.) |
|---|---|
Traded as | Euronext Amsterdam: ABN |
| Industry | Financial services |
| Founded | September 21, 1991 |
| Headquarters | Amsterdam, Netherlands |
Key people | Robert Swaak (CEO) |
| Products | Asset management Commercial banking Investment banking Private banking Retail banking |
| 7.841 billion Euros (2022) | |
Net income | 1.867 billion Euros (2022) |
| AUM | 158.4 billion Euros (2022) |
| Total assets | 380 billion Euros (2022) |
| Total equity | 22.8 billion Euros (2022) |
Number of employees | 22,500 (January, 2023) |
| Divisions | Retail Banking, Private Banking, Commercial Banking, Corporate & Institutional Banking, Group Functions |
| Website | abnamro.com |
Following aggressive international expansion, ABN AMRO was acquired and broken up in 2007―2008 by a consortium of European banks, including Fortis which intended to take over its formed operations in the Benelux region. Fortis came under stress in the autumn of 2008, and was in turn broken up into separate national entities; the Dutch operations, namely Fortis Bank Nederland and the former ABN AMRO activities that Fortis had planned to absorb, were nationalized, restructured, and renamed ABN AMRO in mid-2010. On 20 November 2015, the Dutch government publicly re-listed the company through an IPO and sold 20 percent of the shares to the public.
ABN AMRO has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.