April 16, 2014 6:49 PM ET

Banks

Company Overview of ABN AMRO Group N.V.

Company Overview

ABN AMRO Group N.V. provides various banking products and services for retail, private, commercial, and merchant banking clients in the Netherlands and internationally. It offers personal banking products and services, including savings products, retirement and investment products, payments, loans, and life and non-life insurance products to products. The company also provides private banking products and services to meet the customers wealth management needs; business banking products and services for start-ups, and small and medium-sized enterprises; and cash management, risk management, financing, international business, mergers and acquisitions, and asset management services for corporat...

Gustav Mahlerlaan 10

Amsterdam,  1082 PP

Netherlands

22,289 Employees

Key Executives for ABN AMRO Group N.V.

Chief Financial Officer and Member of the Managing Board
Age: 58
Chief Operating Officer and Member of the Managing Board
Age: 53
Chief Risk Officer & Strategy and Member of the Managing Board
Age: 51
Senior Managing Director of Private Banking International
Senior Managing Director of Corporate Clients
Compensation as of Fiscal Year 2013.

ABN AMRO Group N.V. Key Developments

ABN AMRO Group NV to Nominate Rik van Slingelandt as its Chairman

ABN AMRO Group NV announced March 7 that its supervisory board will nominate Rik van Slingelandt as its chairman for a two-year term after current Chairman Hessel Lindenbergh decided not to seek re-election in April. The nomination will be made at the group's next general meeting of shareholders. Van Slingelandt has been vice chairman of the supervisory board since January 2011.

ABN AMRO Group N.V. Auditor Raises 'Going Concern' Doubt

ABN AMRO Group N.V. filed its Annual on Mar 08, 2014 for the period ending Dec 31, 2013. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

ABN AMRO Group N.V. Reports Earnings Results for the Fourth Quarter and Full Year 2013

ABN AMRO Group N.V. reported earnings results for the fourth quarter and full year 2013. For the quarter, the company reported net loss of EUR 47 million, due to the bank tax of EUR 106 million. For the year, the company reported net profit of EUR 1,160 million. This result was positively impacted by sizeable releases on Madoff and former Greek files. Adjusting for these and other special items, net profit came to EUR 752 million yielding a return on equity of 5.5%, which declined mainly as a result of high impairment charges of EUR 1.7 billion and higher pension costs.

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