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Today ABN AMRO Group N.V. publishes the convocation and meeting materials for an Extraordinary General Meeting (EGM) to be held in Amsterdam on Thursday 12 July 2018. The materials, including the agenda and explanatory notes, are available on the ABN AMRO corporate website.
ABN AMRO Group N.V. (ABN AMRO) held its Annual General Meeting (the General Meeting) today. At the General Meeting 86.83% of the total issued capital and an equal amount of voting rights was represented.
ABN AMRO announces today that its Supervisory Board proposes to appoint Tom de Swaan to the Supervisory Board for a period of four years. Upon approval by the General Meeting, the Supervisory Board will appoint Tom de Swaan as Chairman of the Supervisory Boards of ABN AMRO Group N.V and ABN AMRO Bank N.V. The appointment is subject to approval by the regulators.
Older ABN AMRO clients make above-average use of Internet Banking. In 2017, some 90 per cent of clients over the age of 65 were Internet Banking users, compared with 86 per cent for all private and retail clients together last year. Mobile Banking is much less popular among the older population, with only 26 per cent of retail clients using this service in 2017. This is way below the overall uptake of mobile banking by smartphone, which stood at 66 per cent.
ABN AMRO’s Digital Impact Fund (DIF) is acquiring a minority stake in the Dutch fintech Ockto, which specialises in helping consumers and businesses to safely collect and share personal data. Ockto makes it much easier for consumers to apply for a mortgage, for example, or oversee their financial situation. This investment means that ABN AMRO is intensifying its collaboration with Ockto, which also started up subsidiary Moneyou. It should enable Ockto to accelerate its expansion, raise its level of professionalism and possibly also scale up internationally.
Anyone walking, travelling by rail or driving on the A10 ring-road yesterday evening couldn’t have missed the large images of people projected on the side of ABN AMRO’s head office at Gustav Mahlerplein in Amsterdam. This was the bank’s way of giving a ‘face’ to those employees who provide fast, easy and personalised financial advice to clients across the Netherlands through video banking appointments. The #Beeldbankieren campaign shows how successfully personalised advice and new technology can go hand in hand. A third of all advisory meetings already take place through video banking (as much as 61% for mortgage advice). The images projected onto the ABN AMRO building at Gustav Mahlerplein in Amsterdam can be seen each evening up to and including Sunday 20 May.
ABN AMRO reports net profit of EUR 595 million for Q1 2018
ABN AMRO offers companies active in the energy transition business the opportunity to attract risk-bearing capital through a new initiative, the 'Energy Transition Fund'.
Tikkie was used to send one payment request every second on average last week. At around 650,000 requests, this means a new record for ABN AMRO's payment app. Payments on and around King's Day caused a visible surge in the number of Tikkies.
What would you do if you came into a million? Many of us will have secretly wondered about this at some point. A big majority (55%) of the Netherlands’ young people between 18 and 29 would use it (among other things) to travel around the world, a survey by ABN AMRO MeesPierson finds. One-third even list a world trip as the most important thing they’d do with a million euros. Many of these young putative millionaires would also buy a large house (49%) or an expensive car (20%).
The bank of the future is closer than we imagine. What will happen if we host an event where various players help give shape to the future of banking? ABN AMRO hopes that by working together we can solve challenges that some clients do not even know exist. Drawing on new perspectives will accelerate this process. On 8, 9 and 10 June, ABN AMRO will host the second Beyond Banking Days, where the bank’s building blocks will form the basis of shared learning and experimentation.
Today, ABN AMRO Group N.V. publishes the convocation and meeting materials for its Annual General Meeting, to be held in Amsterdam on Tuesday 29 May 2018.
Sustainability is the future of investing. This is the prediction of investors with sustainable investments in their equity portfolios, as revealed by ABN AMRO MeesPierson’s recent representative survey. Almost two thirds of respondents believe that sustainable investments will eventually make up the greater part of investment portfolios and will yield higher returns than traditional investments. Over two thirds of sustainable investors said they would continue to expand their sustainable portfolios.
Prices in the Dutch housing market will be rising faster than expected in 2018. In its new publication the Housing Market Monitor, ABN AMRO’s Group Economics team reports that average prices of houses will likely end up 8% higher than in 2017. This means the bank’s economists have significantly adjusted their expectations upward, as only recently they were expecting to see a rise of 6%. The main reason for the adjustment is the strong rise in prices of homes sold in the first months of this year. In February, prices were up 9.5% on the same month last year. As a result of the ongoing increase, current house prices barely fall short of the pre-crisis level.
Nearly a third of Dutch mortgage holders feel they are paying a high or very high rate of interest on their mortgage. 83% of this group borrow at a rate of 4% or more. These are a few of the results from a survey that market researchers Gfk performed for ABN AMRO among 1,200 mortgage holders. Nearly four in ten respondents described the mortgage interest rate they pay as low or very low. Three quarters (74%) of this group borrow at a rate of less than 3%.
