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ABN AMRO

ABN AMRO Bank N.V.
Company typePublic (N.V.)
Euronext Amsterdam: ABN
IndustryFinancial services
FoundedSeptember 21, 1991 (September 21, 1991)
HeadquartersAmsterdam, Netherlands
Key people
Robert Swaak
(CEO)
ProductsAsset management
Commercial banking
Investment banking
Private banking
Retail banking
Increase 7.841 billion Euros (2022)[1]
Increase 1.867 billion Euros (2022)[2]
AUMIncrease 158.4 billion Euros (2022)[1]
Total assetsIncrease 380 billion Euros (2022)[3]
Total equityIncrease 22.8 billion Euros (2022)[3]
Number of employees
Increase 22,500 (January, 2023)[3]
DivisionsRetail Banking, Private Banking, Commercial Banking, Corporate & Institutional Banking, Group Functions[4]
Websiteabnamro.com

ABN AMRO Bank N.V. is the third-largest Dutch bank,[5] 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).

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.[6] 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.[7]

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.[8][9]

  1. ^ a b "Annual Report 2022" (PDF). Archived (PDF) from the original on 2023-03-16. Retrieved 2023-01-01.
  2. ^ "Annual Report 2022" (PDF). ABN AMRO Group. Archived (PDF) from the original on 2023-03-16. Retrieved 2023-01-01.
  3. ^ a b c "Q4 2022 Financial Report" (PDF). ABN AMRO Group. Archived (PDF) from the original on 2023-03-16. Retrieved 2023-01-01.
  4. ^ "Q1 2018 Financial Report" (PDF). ABN AMRO Group. p. 8. Archived (PDF) from the original on 2018-06-30. Retrieved 2018-06-30.
  5. ^ "Major Banks in the Netherlands". TheBanks.eu. 12 July 2020. Archived from the original on 6 October 2019. Retrieved 18 February 2016.
  6. ^ Steinglass, Matt (June 5, 2013). "ABN Amro fights ruling that prohibits acquisitions". Financial Times. Archived from the original on December 10, 2019. Retrieved June 26, 2013.
  7. ^ "ABN Amro raises 2.3bn as Dutch government cuts stake". The Telegraph. November 20, 2015. Archived from the original on July 6, 2018. Retrieved April 5, 2018.
  8. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  9. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.

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