ABN AMRO Holding NV
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ABN Amro asks tier-one holders to amend documentation
www.creditflux.com | Oct 16, 2009
ABN Amro outlined the details of its legal separation, scheduled to take place in first quarter 2010. According to UniCredit...
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.
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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.
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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)
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DJ Dutch Fin Min: Parliament To Decide On Sale Of ABN Amro Assets - Zibb.com
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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
Outsourcing, offshoring and ABN Amro share price performance
Barclays-ABN Amro merger: one in ten jobs to go In announcing the terms of their proposed EUR67bn merger, Barclays and ABN Amro say they hope to achieve EUR3.5bn of cost savings and additional revenue by 2010, largely from axing or migrating 23,600 jobs.
Money Management - John-Hartshorn
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ABN AMRO Holding
ABN AMRO Holding, Head Office Gustav Mahlerlaan 10 1082 PP Amsterdam Netherlands (The -) Postal Address P.O.
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ABN AMRO - ABN AMRO GROUP
www.abnamro.com
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 - Wikipedia, the free encyclopedia
en.wikipedia.org
ABN 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.