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ABN AMRO announces that Ms Henrietta Baldock has decided, for personal reasons, to withdraw her candidacy for appointment to the Supervisory Board of ABN AMRO Group N.V. and ABN AMRO Bank N.V.
ABN AMRO's Digital Impact Fund (DIF) has seen a fivefold increase in its assets, from EUR 10 million to EUR 50 million. With this expansion, ABN AMRO's corporate venture capital fund can start looking at larger strategic investments in leading national and international fintechs.
Today, ABN AMRO published its 2017 Integrated Annual Review, the Annual Report of ABN AMRO Group N.V. and ABN AMRO Bank N.V. and additional disclosures. The bank has innovated its reporting approach this year. In the Integrated Annual Review, the reader is offered a concise view of the bank’s environment, its strategy, the results achieved in 2017 and the way ABN AMRO creates value for its stakeholders.
Payment app Tikkie is going international. From today, anyone with a German bank account can use this hip and handy app to ask money back from friends and acquaintances. Marketed by ABN AMRO subsidiary Moneyou, the German version of Tikkie is nearly identical to the Dutch one.
ABN AMRO’s Digital Impact Fund (DIF) has agreed to acquire a stake in German fintech solarisBank. The investment will build on the existing relationship between ABN AMRO and solarisBank, which first began in December 2017, when ABN AMRO’s subsidiary Moneyou entered into a partnership with the Berlin-based fintech.
ABN AMRO Group N.V. announces that its Supervisory Board will nominate Mr Steven ten Have for re-appointment as member of the Supervisory Board during the Annual General Meeting of 29 May 2018 for a maximum term of 2 years. His re-appointment will result in a total term in excess of eight years.
BGL BNP Paribas and ABN AMRO Bank N.V. announce that they have signed an agreement concerning the acquisition by BGL BNP Paribas of all the outstanding shares in ABN AMRO Bank (Luxembourg) S.A. and its fully owned subsidiary ABN AMRO Life S.A. BGL BNP Paribas will transfer the activities of ABN AMRO Life S.A. to Cardif Lux Vie immediately following the acquisition. The proposed transaction, which is still subject to regulatory approval, should be finalised by the third quarter of 2018.
ABN AMRO Private Banking is more positive about bonds. ABN AMRO’s private bank therefore shifts its position in bonds from heavily underweight to underweight. The increase in bond holdings will be funded by cash. ABN AMRO Private Banking says the main reason for this change is the attractive yield on government securities of the peripheral euro countries, with a current preference for Italian treasuries.
ABN AMRO and the unions FNV Finance, De Unie and CNV Dienstenbond have reached agreement about a new CLA. The new collective labour agreement will come into force retroactively from 1 January 2018 and will cover the two-year period until 1 January 2020. The new CLA gives ABN AMRO a modern set of employment terms that reflect where the banking sector is headed. The key elements are a new performance management approach, long-term employability and employee vitality, concrete arrangements about employing people with a disability and structural pay rises.
Most non-bank organisations who are entrusted with client funds use escrow accounts to manage those funds. In consultation with Nxchange, ABN AMRO Clearing Bank has developed an alternative based on block chain technology.
ABN AMRO has lodged a Supreme Court appeal against the ruling of the Amsterdam court on 19 December 2017. In the so-called Euribor cases, clients have been seeking a ruling whether ABN AMRO was legally entitled to increase the mark-up on their Euribor-based mortgages.
ABN AMRO reports net profit of EUR 2,791 million for FY 2017
ABN AMRO has taken note of this morning's article in Het Financieele Dagblad.
The Supervisory Board announces that Ms Olga Zoutendijk has taken the decision not to run for a second term effective 1 July 2018. As Chairman, she can look back on a successful period in which the bank has moved in a clear direction and is now well on track.
ABN AMRO has made it to the banking sector top 5% in RobecoSAM's Sustainability Yearbook, which was published today. The bank received the Silver Class award for its sustainability achievements. The survey is held by RobecoSAM, a research institute that assesses more than 3,000 listed companies each year on their economic, social and environmental performance.
