ABN AMRO Holding N.V. · Amsterdam The Netherlands(Euronext Amsterdam: AAB)
Company Description
Phone: +31-20-628-9393
Fax: +31-20-629-9111
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This link will open in a new window ABN AMRO Holding is a Dutch treat for Royal Bank of Scotland , Fortis , and Banco Santander , which bought the leading bank in the Netherlands for €71 billion in 2007 -- the largest deal in European history. The three owners carved up the bank as follows: Banco Santander laid claim to ABN AMRO's Brazilian and Italian operations, Fortis got the Dutch consumer banking arm and the asset management and private banking operations, and RBS took the North American and Asian banking and investment banking units. In 2008 Fortis sold its stake in ABN AMRO to the Dutch government. ABN AMRO operates some 4,000 offices in 50 countries. To read the full description, subscribe now.
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Key ABN AMRO Holding N.V. Financials
| Company Type | Public - Euronext Amsterdam: AAB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | -$645.6 |
| 2007 Employees | 102,566 |
ABN AMRO Holding N.V. Executives
39 executives listed for ABN AMRO Holding N.V.'s Amsterdam The Netherlands location.
| Title | Name & Bio | Contact |
| Chairman, Supervisory Board | Arthur Martinez | |
| Vice Chairman, Supervisory Board | André Olijslager | |
| Chairman, Managing Board | Gerrit Zalm |
Competition
Competitive Landscape for ABN AMRO Holding N.V.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top ABN AMRO Holding N.V. Competitors
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