ActiveThis profile is actively maintained
Created before Nov 2016
Last update: 2017-01-10 15:58:20
Johan Frijns, BankTrack
Share this page:
ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis.
ABN AMRO serves retail, private and commercial banking customers in the Netherlands and to a lesser extent in other markets, where it prioritises in serving Dutch companies doing business abroad. It is also active internationally in areas where it claims to have substantial expertise, such as Energy, Commodities & Transportation (ECT) and ABN AMRO Clearing. Its Private Banking activities are focused on the Netherlands, Europe and Asia.
Gustav Mahlerlaan 10
1082 PP Amsterdam
Gerrit Zalm |
Integrated Annual Report 2016|
2016 Sustainability highlights
ABN AMRO Human Rights Report 2016
ABN AMRO Bank is majority owned by the Dutch State, with shares being sold in tranches for full return to the market.
Voluntary initiativesABN AMRO has committed itself to the following voluntary standards:
ABN Amro's current sustainability policies can be accessed on their website here.
Implementation and reporting
ABN AMRO is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
ABN AMRO threatens to stop financing company behind the controversial Dakota Access Pipeline
ABN AMRO announced in February 2017 that it will end its financing for Energy Transfer Equity (ETE) if the Dakota Access Pipeline (DAPL) is constructed without the consent of the Standing Rock Sioux tribe, or if further violence is used. The Dutch Fair Finance Guide, Greenpeace Netherlands and BankTrack welcome the decision of ABN AMRO, and call on other banks, including ING in the Netherlands, to follow this example and end all outstanding finance to the pipeline and the companies behind it if no agreement is reached with the Sioux Tribe about the pipeline. Read more.
Four banks step away from Dakota Access Pipeline (DAPL) and backers
In November 2016, BankTrack coordinated a global call on the 17 banks behind a loan to DAPL to halt further loan disbursements. In February 2017 this was supported by petitions signed by over 700,000 people. While the disbursements ultimately went ahead, in February ABN AMRO, ING, BayernLB and Nordea all announced they would step away from financing the project or its backers. ABN AMRO committed to end its financing for Energy Transfer Equity (ETE) if the pipeline proceeds without consent from the Standing Rock Sioux or with further violence. Nordea excluded three companies behind the Dakota Access Pipeline from investment. BayernLB stated it will withdraw from financing DAPL at the earliest opportunity, and not provide further finance. In March, ING became the first bank to sell its portion of a project loan to the pipeline.
Santander and ABN AMRO refuse to renew loans to APRIL
In February, Santander announced its decision not to renew or provide further funding to APRIL, an Indonesian pulp and paper company responsible for large scale deforestation and social conflcits, following months of campaigning inlcuding a Greenpeace petition. Less than two weeks later, ABN AMRO followed suit, telling Greenpeace it will not provide APRIL with new loans until the company stops clearing rainforests and proves that it operates sustainably. ABN AMRO resumed lending to APRIl as of May 2016.