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ABN AMRO Bank N.V. is the third-largest Dutch bank, [5] with headquarters in Amsterdam.It was initially formed in 1991 by merger of the two prior Dutch banks that form its name, Algemene Bank Nederland (ABN) and Amsterdamsche en Rotterdamsche Bank (AMRO Bank).
Algemene Bank Nederland merged into ABN AMRO in 1991; AMRO Bank merged into ABN AMRO in 1992; Amsterdamsche Bank merged into AMRO Bank in 1964; Fortis Bank Nederland merged into ABN AMRO in 2010; Rotterdamsche Bank merged into AMRO Bank in 1964
The AMsterdamsche en ROtterdamsche Bank (AMRO Bank, lit. ' Bank of Amsterdam and Rotterdam ') was a major Dutch bank that was created in 1964 by the merger of the Amsterdamsche Bank (est. 1871) and the Rotterdamsche Bank (est. 1863). [1] In 1991, it merged with Algemene Bank Nederland (ABN) to form ABN AMRO.
Algemene Bank Nederland (ABN, "General Bank of the Netherlands") was a Dutch bank that was created in 1964 through the merger of the Netherlands Trading Society (Dutch: Nederlandsche Handel-Maatschappij, NHM, est. 1824) with the Twentsche Bank [] (TB, est. 1861). [1]
The system was conceived by the Dutch banks ABN Amro, ING Bank, Postbank N.V. and Rabobank, to develop a single system for online payments that could be used by all banks. The payment platform was opened to consumers in 2005. [citation needed] In 2006 the consortium moved the iDEAL brand to the Dutch banking organization Currence. [2]
March 26, Fortis Bank Nederland announced a loss of €18.5 billion from 2008 (separate from the €22.5 billion loss projected by its former mother-company Fortis), mostly because of a €17.7 billion write-off on ABN-AMRO; it booked an operational profit of €0.6 billion (excluding write-offs). [241]
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The Associated Banks of Europe Corporation (or ABECOR) was founded in 1972 in Brussels by ABN AMRO and three other banks to enhance the Bank's operations in Europe. [1] The association later consisted of the nine banks: Banque Nationale de Paris; Barclays Bank; Banca Nazionale del Lavoro; Dresdner Bank; Algemene Bank Nederland