ABN AMRO

The third-largest Dutch bank, ABN AMRO Bank N.V., has its corporate headquarters in Amsterdam. Algemene Bank Nederland (ABN) and Amsterdamsche en Rotterdamsche Bank, the first two Dutch banks that make up its name, merged to become it in 1991. (AMRO Bank).

Following ambitious global development, a group of European banks, notably Fortis, bought and broke up ABN AMRO in 2007–2008 with the intention of taking over its Benelux operations. The Dutch operations, specifically Fortis Bank Nederland and the previous ABN AMRO activities that Fortis had planned to absorb, were nationalized, reformed, and renamed ABN AMRO in mid-2010.

Fortis experienced stress in the autumn of 2008 and was subsequently split up into distinct national companies. The company's shares were sold to the general public in an initial public offering (IPO) on November 20, 2015, when the Dutch government publicly relisted the business.

ABN AMRO's market capitalization as of April 2023 is $14.21 billion. ABN AMRO is now the 1128th-most valuable corporation in the world, according to market cap. The most recent financial reports for ABN AMRO show that the company's current revenue (TTM) is $8.26 billion. The company's revenue in 2021 was $8.47 billion, down from $8.85 billion in revenue in 2020.

Founded: September 21, 1991
Headquarters: Amsterdam, Netherlands
Website: www.abnamro.com