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Last update: 2017-01-10 15:58:20
Johan Frijns, BankTrack
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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 |
|Annual report||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
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.
UPDATE: ABN AMRO appears to have resumed lending to APRIl as of May 2016, without communicating a change of policy.