ABN AMRO Holding today announces the publication of its 2009 Annual Report. The report comprises the consolidated results of The Royal Bank of Scotland N.V. (RBS N.V.) including the RBS acquired businesses, and the new ABN AMRO Bank N.V., including the Dutch State acquired businesses, reflecting the legal demerger on 6 February 2010.
This 2009 annual report is the last annual report of ABN AMRO Holding before the separation of ABN AMRO Bank N.V., planned for 1 April 2010, and the renaming of the ABN AMRO Holding N.V. to RBS Holdings N.V. immediately thereafter. After legal separation the RBS Holdings N.V. and its banking entity RBS N.V. will become majority owned by The Royal Bank of Scotland Group plc.
ABN AMRO Holding reports a net loss of EUR 4.4 billion (2008: a profit of EUR 3.6 billion) including results from discontinued operations; the net loss from continuing operations amounts to EUR 4.5 billion (2008: a loss of EUR 12.9 billion). The results include those of the RBS acquired businesses amounting to a loss of EUR 4.2 billion (2008: a loss of EUR 12.5 billion) from continuing operations, which have been published as part of the RBS Group results announced on 25 February 2010. The results from continuing operations of the Dutch State acquired businesses, amounting to a loss of EUR 117 million (2008: a profit of EUR 471 million) are being published separately today on a pro forma basis and are included in the 2009 Annual Review of the new ABN AMRO Bank N.V.
ABN AMRO Holding and its consolidated subsidiaries have continued to remain well capitalised throughout 2009. Also, The Royal Bank of Scotland N.V. and the new ABN ARMO Bank N.V. are well capitalised to support the legal separation.
The 2009 Annual Report is available on www.rbs.com and www.abnamro.com
For further information please contact:
ABN AMRO Bank Press Office
+31 20 6288900
ABN AMRO Bank Investor Relations
+31 20 3830517
RBS Group Investor Relations
+44 207 672 1758
RBS Group Media Relations
+44 131 523 4414