February 22, 2017 1:49 PM ET

Banks

Company Overview of ABN AMRO Group N.V.

Company Overview

ABN AMRO Group N.V. provides banking products and services for retail, private, and corporate banking customers in the Netherlands and internationally. It operates through three segments: Retail Banking, Private Banking, and Corporate Banking. The company offers personal banking products and services, including savings products, retirement products, investment products, payments, loans, and mortgages, as well as travel, car, living, life, liability and legal, and valuables insurance products. It also provides private banking products and services comprising wealth management services; and services to start own company, as well as risk management, project financing, mergers and acquisitions, ...

Gustav Mahlerlaan 10

Amsterdam,  1082 PP

Netherlands

Founded in 2009

21,664 Employees

Phone:

31 09 000 024

Key Executives for ABN AMRO Group N.V.

Chairman of the Managing Board and Chief Executive Officer
Age: 61
Total Annual Compensation: €614.0K
Vice Chairman of the Managing Board and Chief Operating Officer
Age: 56
Total Annual Compensation: €614.0K
Chief Risk Officer and Member of the Managing Board
Age: 54
Total Annual Compensation: €614.0K
Executive Officer
Age: 50
Total Annual Compensation: €614.0K
Compensation as of Fiscal Year 2015.

ABN AMRO Group N.V. Key Developments

ABN AMRO Group Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

ABN AMRO Group announced consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the year, the company announced net interest income was EUR 6,277 million compared to EUR 6,076 million a year ago. Operating income of EUR 8,588 million compared to EUR 8,455 million for the same period a year ago. Operating result was EUR 2,931 million compared to EUR 3,227 million for the same period a year ago. Operating profit before taxation was EUR 2,817 million compared to EUR 2,722 million a year ago. Underlying profit for the period was EUR 2,076 million compared to EUR 1,924 million for the same period a year ago. Reported profit for the period was EUR 1,806 million compared to EUR 1,924 million for the same period a year ago. Underlying return on average equity was 11.8% compared to 12.0% for the same period a year ago. Underlying earnings per share was EUR 2.16 compared to EUR 2.03 a year ago. For the quarter, the company announced net interest income was EUR 1,575 million compared to EUR 1,497 million a year ago. Operating income was EUR 2,195 million compared to EUR 2,052 million for the same period a year ago. Operating result was EUR 489 million compared to EUR 524 million for the same period a year ago. Operating profit before taxation was EUR 454 million compared to EUR 399 million a year ago. Underlying profit for the period was EUR 333 million compared to EUR 272 million for the same period a year ago. Reported profit for the period was EUR 333 million compared to EUR 272 million for the same period a year ago. Underlying return on average equity was 7.3% compared to 6.3% for the same period a year ago. Underlying earnings per share was EUR 0.34 compared to EUR 0.27 a year ago.

ABN AMRO Group N.V., Q4 2016 Earnings Call, Feb 15, 2017

ABN AMRO Group N.V., Q4 2016 Earnings Call, Feb 15, 2017

ABN Amro to Axe 60% of Senior Management Roles; Chris Vogelzang to Resign from the Managing Board

ABN Amro plans to shed 60 of its 100 senior management roles as part of a management restructure. Under the new structure, the remaining 40 senior management positions will have a stronger involvement in the leadership of the bank and the composition of these executives will be reviewed every year. The company announced that Chris Vogelzang, responsible for retail and private banking, will resign from the managing board to 'prepare for his future outside the bank'.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 6, 2016
ABN AMRO Group N.V., Private Banking Business in Hong Kong, Singapore and Dubai
Merger/Acquisition
April 6, 2016
Daalsesingel 51-71, Office Building at 3511 SW Utrecht
 

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