ABN AMRO is currently ranked third among the largest banks in Netherlands. The formation of ABN AMRO dates back to the year 1991 when Algemene Bank Nederland and AMRO Bank came into an agreement which caused the creation of what is now known as ABN AMRO. AMRO Bank itself was as a result of collaboration between Amsterdamsche Bank and the Rotterdamsche Bank in the 1960s. In 2007 ABN AMRO was listed as the second biggest bank in Netherlands and ranked eighth largest in Europe through assets. This major financial institution has its center of operation located in Amsterdam with branches in other 15 countries. ABN AMRO has over 32.000 staff with the majority totaling to about 5000 in Netherlands. Private banking division is one of the Bank’s main operation that concentrates on most valuable clients.
ABN AMRO Bank was initially part of a banking consortium which involved Fortis, Santander Group and Royal Bank of Scotland before being reinvented into its current formation in the year 2009 after the breakdown of Fortis and Royal Bank of Scotland who ran into huge debts that cleared their reserves during the beginning financial crisis between 2007 and 2010. In 2015, the Dutch government nationalized ABN AMRO and Fortis Bank Nederland after which it was made a public company.
Contact info:Country: NetherlandsWebsite: www.abnamro.com