ABN AMRO is being spotlighted by several media today. The bank has been mentioned in relation to various possible and current legal proceedings and claims.
Why are the media reporting on these issues now?
ABN AMRO is preparing for a listing on the stock exchange, but the Dutch Minister of Finance has yet to decide when the IPO will be launched. This means that everything we do is being scrutinised, researched and carefully considered.
Is ABN AMRO exposed to more risks than other banks are?
In the run-up to an IPO, the company being listed is required to identify and publish in the prospectus the biggest risks to which it is exposed. This information is presented in the so-called risk section. A risk section is included in the registration document and the prospectus which are part of the Additional Tier 1 (AT1) instrument that ABN AMRO issued last week. This document has already been published on our website and on the website of the Dutch Authority for the Financial Markets (AFM).
Taken together, all of the major risks and possible risks to which ABN AMRO is exposed give the impression that there are many risks. It is not uncommon for a large company to experience issues such as these. Every company has to deal with complaints and disputes. It is relatively easy to submit a complaint or claim, but this does not necessarily mean that it will have negative consequences. The complaint or claim could turn out to be unfounded.