ABN AMRO Holding NV
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Netherlands to Inject $4.5 Billion in New ABN Amro, Fortis Bank - Bloomberg
www.bloomberg.com | Nov 19, 2009
The Netherlands plans to invest an additional 3 billion euros ($4.5 billion) of cash in [bn:WBTKR=AABA:NA] ABN Amro Holding NV’s [] Dutch unit and Fortis Bank Nederland NV as the government merges the two bailed out lenders.
http://www.bloomberg.com/apps/news?pid=20601085&sid=aPIB7xQhsGFQ
ABN Amro gets new Dutch bail-out
news.bbc.co.uk | Nov 19, 2009
The Dutch government announces it will inject a further 4.4bn euros into bailed-out bank ABN Amro.
Deutsche Bank stops talks on ABN Amro purchase - Yahoo! News UK
uk.news.yahoo.com | Sep 17, 2009
Germany's Deutsche Bank informed the Netherlands on Thursday it was putting an end to negotiations for the purchase of parts of nationalised bank ABN Amro, the Dutch finance
http://uk.news.yahoo.com/18/20090917/tbs-deutsche-bank-stops-talks-on-abn-amr-5268574.html
Dutch give ABN Amro billions in new bailout
www.msnbc.msn.com | Nov 19, 2009
The Dutch government Thursday announced a new $6.5 billion (euro4.4 billion) bailout package for nationalized bank ABN Amro, intended to help the bank restructure and return to a strong financial position.
http://www.msnbc.msn.com/id/34038891/ns/business-world_business/
News from Zibb.com
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Dutch ABN Amro expects loss from asset sale to Deutsche Bank - Zibb.com
Nov 20, 2009 (M2 PRESSWIRE via COMTEX) --
20 November 2009 - Dutch state-run bank ABN Amro is likely to register a loss of between EUR800m (USD1.19bn) and EUR900m following the sale of part of its commercial banking business to German Deutsche Bank (FRA:DBK), ABN Amro said yesterday.
The lender expects to book the bulk of the loss in the last quarter of 2009.
Meanwhile, the Dutch Finance Ministry said the German bank will pay ABN EUR700m for its assets.
ABN will have to sell its bank HBU and several business offices under the EU competition body's requirement for an antitrust clearance of its merger with Fortis Bank Netherlands.
Comments on this story may be sent to admin@m2.com
Tags: antitrust bank banking book business commercial finance merger netherlands
Companies: Deutsche Bank AG (DB)
Deutsche Bank signs agreement to purchase parts of ABN Amro - Zibb.com
Oct 21, 2009 (Datamonitor via COMTEX) --
Deutsche Bank has signed a heads of agreement with the Dutch Ministry of Finance to acquire parts of ABN Amro's commercial banking activities in the Netherlands.
Deutsche Bank said that the assets to be acquired remain the same as those in the original agreement entered into in July 2008. Negotiations continue on final terms and conditions.
Deutsche Bank continues to believe the combination would create a powerful platform for clients and employees.
The transaction is subject to agreement by ABN Amro and several authorizations of the Deutsche Bank supervisory board, De Nederlandsche Bank, the approval by the European Commission and other regulatory bodies.
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon
Tags: acquisition bank banking commercial finance
Companies: Deutsche Bank AG (DB)
ABN Amro's Indian arm posts surge in bad loans in 2008-09 - Zibb.com
NEW DELHI, Sept 21, 2009 (Asia In Focus via COMTEX) --
The Indian arm of global lender ABN AMRO BANK, whose retail business is reported to be on the block, recorded a near three-fold growth in bad loans during 2008-09. The net Non-Performing Asset (NPA) ratio -- a pointer to the loans that are considered bad -- of ABN Amro has gone up to 2.2 per cent of its assets suggesting that the foreign bank is just a shade better than the crisis ridden CITIBANK, the RBI data revealed.
* The Royal Bank of Scotland (RBS), which acquired global operations of ABN Amro Bank, is in advanced discussions with bidders for selling its retail and commercial banking businesses in certain Asian markets, including that of India.
* ABN Amro Bank's net NPA ratio, according to the Reserve Bank of India (RBI), increased from 0.85 per cent in 2007-08 to 2.20 per cent during 2008-09, one of the highest among the 30 foreign banks operating in the country.
Tags: bank banking business commercial india rbi retail
Companies: Bank of Scotland (BSLDF)
ABN Amro Q2 net loss widens - Zibb.com
Aug 27, 2009 (Datamonitor via COMTEX) --
Netherlands-based ABN Amro Holdings, which is jointly owned by the Royal Bank of Scotland Group, Banco Santander and the Dutch government, has reported a loss of E1.76 billion for the second quarter of 2009, compared to a loss of E886 million for the first quarter of 2009.
The bank has said that in the second quarter a loss after tax of E1.86 billion from continuing operations was offset by a gain after tax on discontinued operations of E96 million. The group's total loss after taxes comprises a loss after tax of E1.83 billion attributable to the Royal Bank of Scotland Group acquired businesses, a loss of E10 million attributable to the Dutch state acquired businesses, a loss of E12 million attributable to the group's central items.
For the second quarter of 2009, loss from continuing operations was E1.86 billion, compared to a loss from continuing operations of E889 million for the first quarter of 2009. Net interest income was E1.12 billion, compared to E1.21 billion for the first quarter of 2009. Operating income for the second quarter of 2009 was E926 million, compared to E1.57 billion for the first quarter of 2009.
For the first six months ended June 30, 2009, the company has reported a loss of E2.65 billion, compared to a profit of E2.88 billion for the same period of 2008. Loss from continuing operations was E2.75 billion, compared to a loss from continuing operations of E2.86 billion for the same period of 2008.
Net interest income for the first half of 2009 was E2.33 billion, compared to E2.65 billion for the same period of 2008. Operating income was E2.49 billion, compared to E2.33 billion for the first half of 2008.
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon
Tags: bank government netherlands profit scotland tax taxes
Companies: Bank of Scotland (BSLDF)
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The Hindu Business Line : ABN Amro's wage bill soars in 08-09: RBI
www.thehindubusinessline.com
NEW DELHI: The Indian arm of the Royal Bank of Scotland-owned ABN Amro witnessed a sharp spurt in its wage bill during 2008-09 which constituted more than a quarter of its total expenses, the highest among the major foreign banks operating in the country .
ABN Amro in 1.8bn outsourcing bonanza - Offshoring - Breaking Business and Technology News at
Dutch bank ABN Amro is outsourcing its infrastructure and application development in a series of deals, with Accenture, IBM, Infosys, Patni and Tata Consultancy Services (TCS), worth a total of 1.8bn.
http://services.silicon.com/offshoring/0,3800004881,39151868,00.htm?r=1
Money Management - John-Hartshorn
www.moneymanagement.com.au
Money Management provides accurate and informative editorial coverage on finance topics such as risk insurance, taxation, banking, superannuation and mortgages.
DJ Dutch Fin Min: Parliament To Decide On Sale Of ABN Amro Assets - Zibb.com
www.zibb.com
The Dutch parliament will have the final decision on whether to approve an agreement to sell parts of state-owned ABN Amro Bank to Deutsche Bank AG (DB), Finance Minister Wouter Bos Wednesday told a parliamentary commission. The European Union's Competition Commission had demanded the sale of some
http://www.zibb.com/article/5642983/DJ+Dutch+Fin+Min+Parliament+To+Decide+On+Sale+Of+ABN+Amro+Assets
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Provides universal banking services to corporate nationally and internationally operating clients, as well as personal and private banking customers. ABN AMRO has a presence in 74 ...
ABN Amro Holding NV - Company profile & brands
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