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| Banksloanonline » Banks » ABN AMRO Bank |
ABN AMRO Bank |
| The ABN AMRO Bank is one of the leading brands operating in the banking industry that has its representation in some of the foremost global cities. It is a Dutch bank and belongs to the Fortis, Royal Bank of Scotland as well as Banco Santander conglomerate. |
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The brand ABN AMRO was created as a result of the merger between the leading Amsterdam - Rotterdam Bank (AMRO) and the ABN brand.
The headquarters of the ABN AMRO bank is in Amsterdam and the brand is most popular for its services in Asset management, Commercial banking, Investment banking, Private banking and retail banking. The highlight of the story of evolution of the ABN AMRO bank is in the acquisition of the bank by 3 of the banking giants of the world, Royal Bank of Scotland, Fortis and Banco Santander that belong to the UK, Belgium and Spain respectively. |
Although talks were going on to pave the way for the brand ABN AMRO to be acquired by Barclays, the British bank, it was towards the end of the year 2007 that it was decided that the acquisition would be passed on to the above mentioned groups instead. The bid that the 3 banks offered to ABN AMRO bank was far greater than what Barclays was bidding at. Therefore it was decided that the same be passed on to the association of the 3 banks, rather than to Barclays.
ABN AMRO bank in India is a part of the list of foreign banks established in the various cities of the country.
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