Completion of ABN AMRO Bank and Fortis Bank Nederland legal merger
Completion of ABN AMRO Bank and Fortis Bank Nederland legal merger. As from today, ABN AMRO Bank N.V. (ABN AMRO) and Fortis Bank (Nederland) N.V. (Fortis Bank Nederland) have legally merged and start operating as a single bank under the name of ABN AMRO Bank.
The completion of the legal merger means the two banks can now make accelerated progress in integrating their activities. This merger will combine the resources and networks of both banks. The merger marks a major milestone and a new beginning that will bring a future with a continued focus on our customers. As a result of the legal merger, the Fortis Bank Nederland name will disappear.
Gerrit Zalm, chairman of ABN AMRO Bank, issued the following statement : “From 1 July the legal merger will be a reality, and ABN AMRO and Fortis Bank Nederland will become a single entity. This marks a special milestone for our new bank. I am aware that the path we have had to travel to reach this point has been challenging and far from easy. I have great admiration for the tireless efforts that we have seen on a daily basis from colleagues and am pleased by the trust that clients have continued to place in us. We have managed to turn the two banks into a single business in a very short time.”
The new bank, operating under the name of ABN AMRO Bank, has 6.8 million clients, 30,000 employees, 500 branches in the Netherlands, 78 commercial client branches, 68 private banking branches (including 47 outside the Netherlands) and its own international network in 27 countries. The bank seeks to maintain sustainable relationships with its Dutch clients, both as their primary bank in the Netherlands and for all their business abroad, with financial institutions and clients active in the energy, commodities and transportation markets.
In Asia, ABN AMRO is an experienced merchant and private bank. Our history in Asia commenced with the opening of an office in Indonesia in 1826 and Singapore in 1858, making ABN AMRO the oldest foreign bank in Singapore. Since its origin in Asia, ABN AMRO has been active in markets such as, Energy, Commodities, Transportation, Clearing and Private Banking. In Asia, ABN AMRO continues to expand its business and will soon be adding Syndications and Export & Project Finance in Singapore, Commodities in Hong Kong, and re-establishing our presence in Shanghai. It further has a presence for Clearing in Singapore, Hong Kong, Tokyo and Sydney. Our expansion in Asia is based on the continuous economic growth and potential of this region.
For the full Press release Asia 1 July 2010
