ABN AMRO

TABN AMRO is a Dutch bank, currently owned by RFS Holdings B.V., a consortium of Royal Bank of Scotland Group, the Government of the Netherlands, and Banco Santander. The bank was created as the result of the 1990-91 merger between Amsterdam-Rotterdam (AMRO) Bank and ABN, whose history dated back to the founding of the Nederlandsche Handel-Maatschappij in 1824.

Between 1991 and 2007, ABN AMRO was one of the largest banks in Europe and had operations in about 63 countries around the world.

In the biggest banking takeover in history, a consortium comprising RBS, Fortis, and Banco Santander acquired ABN AMRO in 2007.

Due to the 2008 financial crisis, the Dutch government nationalised the divisions owned by Fortis, while the UK government is now in effective control over the divisions allocated to RBS due to its financial bail-out of the Scottish bank. The process of integrating some of ABN AMRO's divisions into the new owners, and divesting others, continues.

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ABN AMRO Hit By Bad Loans At Home, Greek Debt

Dutch state-owned bank ABN AMRO said it expected bad loan costs to remain high this year due to the recession in the Netherlands, after a tripling of such costs in the fourth quarter pushed it into a loss.
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ABN AMRO hit by bad loans at home, Greek debt

Dutch state-owned bank ABN AMRO said it expected bad loan costs to remain high this year due to the recession in the Netherlands, after a tripling of such costs in the fourth quarter pushed it into a loss.
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