August 30, 2014 8:49 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

22,019 Employees

Key Executives for ABN AMRO Group N.V.

Chief Financial Officer and Member of the Managing Board
Age: 59
Chief Operating Officer and Member of the Managing Board
Age: 54
Chief Risk Officer & Strategy and Member of the Managing Board
Age: 52
Senior Managing Director of Private Banking International
Senior Managing Director of Corporate Clients
Compensation as of Fiscal Year 2014.

ABN AMRO Group N.V. Key Developments

ABN AMRO Group N.V. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Impairment Charges on Loans and Other Receivables for the First Quarter of 2014

ABN AMRO Group N.V. reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported underlying net profit amounted to EUR 378 million, an increase of EUR 88 million compared with EUR 290 million in the first quarter of 2013 due to higher operating results. The underlying ROE stood at 10.9% over the first quarter. Net interest income was EUR 1,432 million compared to EUR 1,305 million, operating income was EUR 1,983 million compared to EUR 1,709 million and operating profit before taxation was EUR 412 million compared to EUR 577 million reported for the last year. Interest income was EUR 2,947 million compared to EUR 2,939 million and profit attributable to owners of the company was EUR 311 million compared to EUR 415 million for the last year. Impairment charges on loans and other receivables remained high and amounted to EUR 361 million, which is below impairments seen in the previous quarter, but above the level seen in first quarter of 2013.

ABN AMRO Group NV Names Jacqueline Chang Regional Head of Commodities for Asia

ABN AMRO Group NV announced that it appointed Jacqueline Chang to the newly created role of regional head of commodities, Asia. Chang was previously head of commodities, Singapore. In her new role, Chang will oversee ABN AMRO's Hong Kong commodities desk as well as the recently established regional structured inventory product desk in Singapore. The new appointment is part of an expansion of the bank's global commodities activities within its energy, commodities and transportation business.

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.

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