ABN Restarts Hong Kong Commercial Banking in Asia Expansion
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ABN Amro Group NV, the Dutch lender nationalized in 2008, reopened a commercial banking unit in Hong Kong to win back some of the international presence lost after its takeover, breakup and government rescue.
The Hong Kong unit, staffed by two bankers, provides payment services, loans and trade and treasury services to Dutch clients with operations in the area, said Jeroen van Maarschalkerweerd, a spokesman for the Amsterdam-based firm. The bank also won regulatory approval to open a representative office in Shanghai for its energy, commodity and transportation unit, it said in a statement.