ABN AMRO Bank Login | ABN AMRO Credit Card | ABN AMRO Internet Banking At www.abnamro.com
ABN AMRO group is a Dutch owned Bank group with primary focus on Netherland. It consists of ABN AMRO Netherlands, the International Diamond and Jewelry Group, ABN AMRO Private Banking, and Fortis Bank Netherlands.
It was re-established in its current form in 2009. This came due to acquisition and break-up of the original ABN AMRO by a banking consortium which includes Royal Bank of Scotland Group, Santander Group, and Fortis.
Following the collapse of Fortis, who acquired the Dutch business, it was nationalized by the Dutch government along with Fortis Bank Nederland. It was relisted as a public company again in 2015. The Bank is headquartered in Amsterdam.
For ABN AMRO Bank Login, ABN AMRO Credit Card and ABN AMRO Internet Banking click here or visit www.abnamro.com
- Products and Services
- Mergers and Acquisitions
- Principal Subsidiaries
- Bank’s Website
History of ABN AMRO Bank
The history of ABN AMRO can be traced to 1991 when the two largest general banks in the Netherlands, Algemene Bank Nederland (ABN) and Amsterdam-Rotterdam Bank (Amro), merged.
The resulting company adopted the name ABN AMRO. ABN AMRO was not only the largest bank in the Netherlands, but controlled half of the Dutch corporate banking market and two-fifths of securities trading on the Amsterdam Stock Exchange.
Outside the country, it ranked as the sixth largest bank in Europe, and one of the top 20 banks in the world.
A slow economy and ambitions to compete in U.S. corporate and investment banking caused ABN AMRO to stumble. From 2000 until 2007, ABN AMRO’s stock price stagnated.
The company incurred high expenses despite the fact that profit increased annually. Thus the price of ABN AMRO shares remained relatively low, which further impeded international expansion of the bank in an increasingly international market.
In 2007 a consortium made up of Royal Bank of Scotland (RBS), Fortis and Banco Santander, combined under the name RFS Holdings, made an offer for ABN AMRO.
A majority of shareholders accepted RFS Holdings’ offer. With this move, ABN AMRO formally came under the ownership of the consortium and was subsequently split by the new owners; the business units Netherlands, Asset Management and Private Banking went to Fortis while Banco Real and Antonveneta went to Santander, and the private and business clients in Asia, Europe, and North America went to RBS
In 2008, the Dutch government bought the Dutch operations of Fortis Bank, Fortis’ insurance branch, and the share of Fortis in ABN AMRO for a sum of 16.8 billion Euros.
Subsequently, the Dutch government announced that after the split, all operations of ABN AMRO and the business components of ABN AMRO and Fortis Bank Nederland (FBN) acquired by the Dutch state would be integrated into the new ABN AMRO.
The Dutch government appointed former Dutch finance minister Gerrit Zalm as CEO to restructure and stabilize the bank, and in February 2010 the assets it owned were legally emerged from those owned by RBS. This demerger created two separate organizations, ABN AMRO Bank N.V. and The Royal Bank of Scotland N.V.
The former was merged with ABN AMRO Private Banking, Fortis Bank Nederland, the private bank MeesPierson (It initially belongs to ABN AMRO and Fortis) also in the joint ownership were diamond bank International Diamond & Jewelry Group to create ABN AMRO Group N.V. The name Fortis was publicly removed on 1 July 2010.
The rest of the original ABN AMRO still belongs to The Royal Bank of Scotland N.V., while, were renamed, sold or closed.
Products and Services ABN AMRO
ABN AMRO offers a range of banking products and services, mortgage lending, including loans, insurance, private, credit cards and investment advisory to retail, commercial and merchant banking clients.
ABN AMRO Credit Card
The bank offers various ranges of products and service which include ABN AMRO Credit Card. There are varieties if credit card that customer can take advantage of. Visit the site for details.
Gradefix was a new innovation used for the transaction of data to perform analyses and risk assessments for clients during a transaction. The analyses offer consumers and SMEs a complete and personalized overview of their financial situation. This is a useful tip for themselves and for anyone with whom they want to do business.
The consumer or SME submits transaction data for analysis. Gradefix main purpose is to calculate a risk score using its different factors, like credit and debit transactions and monthly balances of the said customer.
A higher score means that Gradefix considers it more probable that the client will be able to meet his or her financial obligations during the coming months, assuming that nothing in the client’s situation changes.
The results are presented in a personalized report. The consumer or SME decides whether or not to share the information with third parties.
Mergers and Acquisitions
- 1996 – ABN AMRO acquired suburbanDetroit based Standard Federal Bank
- 1998 – ABN AMRO acquired Brazilian bankBanco Real
- 2006 – ABN AMRO acquired the Italian bankAntonveneta
- 2007 – a consortium consisting of Santander, Royal Bank of Scotland and Fortis acquired ABN Amro
- 2009 – ABN Amro Bank NV and Fortis Bank Nederland NV legally merge to operate as one bank under the name of ABN Amro Bank.
- ABN AMRO Hypotheken Group
- ABN AMRO Verzekeringen
- ABN AMRO Pensions
- ABN AMRO Cleaning
- ABN AMRO Commercial Finance
- ABN AMRO Lease
- ABN AMRO Funding USA LLC
- International Card Services
- Banque Neuflize OBC
- Neuflize Vie
- Bethmann Bank
Bank’s Website | ABN AMRO Bank Login
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