ABN AMRO launches platform to support SMEs
Small and medium-sized enterprises (SMEs) are facing challenging times. The crisis caused by the coronavirus pandemic is forcing many of them to reconsider how they do business.
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Small and medium-sized enterprises (SMEs) are facing challenging times. The crisis caused by the coronavirus pandemic is forcing many of them to reconsider how they do business.
Today, ABN AMRO Bank has successfully issued and priced EUR 1 billion of deeply subordinated securities that qualify as Additional Tier 1 capital under CRR. With investor demand reaching EUR 10 billion, ABN AMRO was able to benefit from favourable market conditions and set the coupon at 4 3/8%.
ABN AMRO notes the announcements made by the European Banking Authority regarding the information of the 2020 EU-wide Transparency Exercise. The data set includes data on the capital position, risk exposure amounts, sovereign exposures and asset quality.
ABN AMRO Bank intends to issue deeply subordinated securities that qualify as Additional Tier 1 capital under CRR.
Private bank believes in stock market recovery
With reference to the Terms and Conditions of the EUR 1.5 billion Subordinated Fixed-to-Fixed Rate Notes due June 2025 callable on Year 5 under the Programme for the issuance of Medium Term Notes of ABN AMRO Bank N.V. with ISIN XS1253955469 ABN AMRO Bank N.V. announces to exercise its right to redeem these Notes in full on 30 June 2020. Trading will be suspended as of 26 June 2020.
ABN AMRO MeesPierson and Capital Support have concluded an agreement in principle on ABN AMRO MeesPierson’s activities as testamentary administrator, executor and authorised representative. The bank has been appointed to perform these activities for around 1,000 clients and actively represents around 100. The staff concerned will transfer to Capital Support. The acquisition is expected to be finalised at the end of August. The parties are not commenting on the transaction price.
ABN AMRO reports net loss of EUR 395 million in Q1 2020
Research by Mary Pieterse-Bloem, ABN AMRO Investment Committee member and professor at the Erasmus School of Economics, conducted in collaboration with the Oxford Saïd Business School, has revealed that more money gets invested into companies and organisations with higher sustainability ratings. An improved rating prompts a positive response from investors – and vice versa. The findings of the study have just been released and provide systematic evidence that private investors take sustainability scores into account when making their portfolio decisions. This has never been scientifically proven before.
Private Banking cuts equity portfolio in favour of cash
On 4 May, the Netherlands remembers its war victims. This year, circumstances will keep people in their homes when doing so. To help them put flowers at the country’s war memorials, Tikkie has joined forces with the National Committee for 4 and 5 May to promote a new initiative: ‘Flowers for 4 May’. From today, everyone can use Tikkie to donate flowers, which will be laid at war memorials across the country on 4 May.
ABN AMRO Bank N.V. held its Annual General Meeting (General Meeting) today. At the General Meeting 81.86% of the total issued capital and an equal percentage of voting rights were represented.
Earlier today, ABN AMRO’s Supervisory Board officially approved Robert Swaak’s appointment as Chairman of the Executive Board and Chief Executive Officer (CEO) of ABN AMRO Bank N.V. Mr Swaak succeeds Kees van Dijkhuizen, who will hand over his duties at the Annual General Meeting on 22 April 2020.
In light of the coronavirus pandemic, ABN AMRO is providing this update on the Annual General Meeting (AGM), which is to be held on 22 April 2020.
ABN AMRO has taken notice of the recommendation of the European Central Bank (ECB) to credit institutions under ECB supervision to conserve capital and refrain from making dividend payments and perform share buy-backs until at least 1 October 2020 in order to support the economy in an environment of heightened uncertainty caused by COVID 19.