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ABN AMRO’s Digital Impact Fund (DIF) has increased its stake in CrossLend, the Berlin-based digital cross-border debt marketplace. Following its first investment in September 2018, ABN AMRO DIF again participated in the latest funding round led by Santander InnoVentures together with existing shareholders Lakestar and Earlybird.
Home sales are surging, driven by the low mortgage interest rates. Where ABN AMRO’s analysts had previously predicted a five percent drop, they now expect home sales to stabilise as low mortgage costs make buying more affordable. At the same time, house prices continue to rise as available homes remain in short supply.
ABN AMRO, Rabobank and BNP Paribas team up with Neumann Kaffee Gruppe (NKG), IDH, and USAID to support smallholder coffee farmers in Kenya, Honduras and Mexico.
On 24 July, ABN AMRO announced the sale of its remaining 7% interest in equensWordline to Worldline, subject to regulatory approval in the Netherlands.
On Wednesday 25 September 2019, the Dutch public prosecutor informed ABN AMRO that the bank is the subject of an investigation relating to requirements under the Act on the prevention of money laundering and financing of terrorism (in Dutch: Wwft). ABN AMRO will cooperate fully with the investigation.
In today’s uncertain investment environment, ABN AMRO favours a higher stake in cash over other assets, reflecting its earlier decision to reduce risk in its investment portfolios. A relatively large position in cash provides a measure of safety and can be used for future investments when opportunities occur. The bank is currently underweight in both equities and bonds.
ABN AMRO Bank today became one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change
ABN AMRO Digital Impact Fund (DIF) has acquired a stake in Trifacta, the US-based market leader in data wrangling. The Trifacta technology enables companies to manage their data quality, preparation and pipelines through a platform that is natively integrated with all major cloud providers, removing the critical barrier data wrangling presents to success of analytics and machine learning.
Last night the parties reached a negotiated result for a new social plan and a new collective labour agreement (CLA) for 2020 and 2021, as well as a new pension plan for the years 2020 to 2024. The most relevant results are set out below.
ABN AMRO has taken a little more risk off the table in its investment portfolios, by slightly reducing its exposure to riskier bonds and shifting the proceeds to high-quality bonds. In terms of asset allocation, the bank remains underweight in bonds and shares, with a preference for cash.
From today, anyone with a Rabobank or SNS current account or an ICS credit card will be able to use ABN AMRO’s Grip app. Grip allows users to check their income and expenses on the go. And with the option of adding other bank accounts, the app provides a more complete picture of their finances. ABN AMRO expects to soon be able to add accounts with other Dutch banks.
ABN AMRO reports net profit of EUR 693 million for Q2 2019
ABN AMRO subsidiary Moneyou is selling its Belgian savings portfolio to Keytrade Bank.
ABN AMRO will sell its remaining 7% of shares in equensWorldline to Worldline.
Equities out of favour, commodities weighting changed to neutral
