ABN AMRO

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ABN AMRO (Euronext: [AAB], NYSE: [ABN]) 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.

Contents

1 Business units
2 Offices
3 Trivia
4 See also

Business units

The business units of ABN AMRO are organised predominantly by regions:

The Netherlands
Europe (excluding the Netherlands)
North America
Latin America
Asia

Some of the specialty products and clients of ABN AMRO Bank have a global presence:

Private Clients
Global Clients
Global Markets
Transaction Banking
Asset Management

Further, the support functions of ABN AMRO are divided into two global business units:

Group Functions
Services

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 98,000 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 LaSalle Bank in Chicago, Illinois and LaSalle Bank Midwest in Detroit, Michigan which operate under the name LaSalle Bank Corporation. LaSalle Bank Midwest is the former Standard Federal Bank, which changed its name on September 12, 2005. ABN AMRO also operates [ABN AMRO Mortgage Group], one of the leading mortgage servicing companies in the US. In Brazil, 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.

Offices

Headoffice ABN AMRO in Amsterdam

Headoffice ABN AMRO Insurance in Zwolle

Renzo Piano designed the Australian offices in Sydney

Trivia

ABN AMRO sponsors Ajax Amsterdam football club. The sponsor logo is the only one in the world to be printed vertically down the left hand side of the front of the shirt.
In 2005, ABN AMRO entered into a major IT outsourcing contract involving five vendors. This was notable for two reasons: It involved several vendors competing with each other, deviating from the usual exclusivity arrangements prevalent in most outsourcing contracts. Also, it was the largest contract that Indian firms Tata Consultancy Services and Infosys had signed with any Western company at the time.

ABN AMRO

Business units

Offices

Trivia

See also