(, ) is the largest
Bank in the
Netherlands and has operations all over the world, its history going back to
1824 .
It is the result of the merger in 1991 of Algemene Bank Nederland (ABN) and the Amsterdamsche-Rotterdamsche Bank (AMRO). Note that written references to the bank should always write ABN AMRO entirely in capital letters - as it is an
Acronym and not a proper name.
ABN AMRO Holding N.V. is the name of the holding company, which is listed on
Euronext Amsterdam and the
New York Stock Exchange , among other exchanges. Its main subsidiary is ABN AMRO Bank N.V.
ABN AMRO has multiple divisions:
- Consumer & Commercial Clients
- Private Clients
- Asset Management
- Wholesale Clients
- Group Shared Services
- Transaction Banking Group
- Group Functions
ABN AMRO ranks 11th in Europe and 20th in the world based on tier 1 capital, with over 3,000 branches in more than 60 countries, a staff of more than 97,000 full-time equivalents and total assets of EUR 899.3 billion (as of
30 September 2005 ).
The bank has developed a strategy of having three home markets: The Netherlands, the United States, and Brazil. The U.S. commercial banking operations of ABN AMRO consist of , ABN AMRO's subsidiary is
Banco Real .
Banco Real recently completed an acquisition of
Sudameris , a peer bank in the Brazilian market.
In 2005 ABN AMRO acquired
Banca Antonveneta of Italy, this effectively gave it a fourth home market. Antonveneta had been a cooperation partner for some years and has a similar client base to ABN AMRO.
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