ABN AMRO Bank NV

ABN AMRO Bank serves retail, private and corporate banking clients with a primary focus on the Netherlands. ABN AMRO Bank is one of the largest banks of the Netherlands. The bank also conducts selected operations internationally. ABN AMRO Bank offers a comprehensive range of products and services via multichannel distribution including mobile applications and internet banking. In particular, MoneYou is a subsidiary of ABN AMRO Bank, specialising in online financial services (savings, mortgages and consumer loans) for retail clients and also offering savings products outside the Netherlands (Germany, Belgium and Austria). ABN AMRO Bank NV is the head bank of ABN AMRO Group (Netherlands).

ABN AMRO Bank NV is the 3rd largest bank in the Netherlands in terms of total assets. In 2015 its total assets were 390,32 bln EUR. In 2015 the bank's net income was 1 924,00 mln EUR.

ABN AMRO Bank NV is rated by Fitch, Moody's, Standard & Poor's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). Long-term credit rating assigned to the bank by Standard & Poor's is A (strong capacity to meet its financial commitments). ABN AMRO Bank NV participates in deposit guarantee scheme of the Netherlands. This scheme covers accounts up to 100 000 EUR per bank per depositor.

ABN AMRO Bank NV is headquartered in Amsterdam.

Contacts 
    Address  Gustav Mahlerlaan 10, 1082 PP, Amsterdam, Netherlands
    P.O. Box  283
    Website  https://www.abnamro.nl/
Head of Group   ABN AMRO (Netherlands)
Business Description 
    Eligible Clients  private individuals and companies, resident and non-resident in the Netherlands
    Services  retail banking
private banking
corporate banking
insurance
    Products  current accounts
debit cards
credit cards
savings accounts (0.80 - 0.80 %)
time deposit accounts (1.00 - 1.05 %)
investment funds
consumer loans
mortgage loans
Financial Positions
    Total Assets (2015)  390.32 bln EUR ↑ (+0.89%)
    Total Equity (2015)  17 584.00 mln EUR ↑ (+18.20%)
Profit and Loss
    Net Income (2015)  1 924.00 mln EUR ↑ (+69.66%)
Market Position and Market Share (among banks in the Netherlands)
    Total Assets (2015)  3rd
Credit Ratings (as of Apr 2016)
    Fitch  A+ (high credit quality)
    Moody's  A2 (upper medium grade)
    S&P's  A (strong capacity to meet its financial commitments)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Bank Identifiers
    BIC (SWIFT)  ABNANL2A
    MFI ID  NL149
European Presence  10 banks in 9 countries

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account. The following current account products are offered by ABN AMRO Bank NV:

ProductAccount CurrencyAnnual Costs (EUR)Debit CardCredit CardProduct Link
 Prive Pakket [NL]EUR37.20View Product
 Prive Pakket [NL]EUR37.20View Product
 Prive Pakket [NL]EUR37.20View Product
 Prive Pakket [NL]EUR37.20View Product

[NL] This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also: Current Accounts in the Netherlands

Savings Accounts

Savings accounts are deposits accounts which allow to withdraw money at any time. ABN AMRO Bank NV offers the following savings account products:

ProductInterest Rate (p.a.)Account CurrencyDeposit Term (months)Product Link
 MoneYou Sparen - Vrij Opneembaar [NL]0.80 %EUR1View Product
 MoneYou Sparen - Vrij Opneembaar [NL]0.80 %EUR3View Product
 MoneYou Sparen - Vrij Opneembaar [NL]0.80 %EUR6View Product
 MoneYou Sparen - Vrij Opneembaar [NL]0.80 %EUR9View Product
 MoneYou Sparen - Vrij Opneembaar [NL]0.80 %EUR12View Product

[NL] This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also: Savings Accounts in the Netherlands

Time Deposit Accounts

Time deposits accounts offer higher interest rates than savings accounts, however the money deposited to such account cannot be withdrawn for a specified period of time (term). ABN AMRO Bank NV offers the following time deposit products:

ProductInterest Rate (p.a.)Account CurrencyDeposit Term (months)Product Link
 MoneYou Sparen - 6 Maanden Vast [NL]1.00 %EUR6View Product
 MoneYou Sparen - 1 Jaar Vast [NL]1.05 %EUR12View Product

[NL] This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also: Time Deposit Accounts in the Netherlands

Consumer Loans

Consumer loans are secured or unsecured loans given to customers for personal, family, or household purposes or for purchase of goods and services. Consumer loans offered by ABN AMRO Bank NV are shown in the table below:

ProductMin Effective Rate (p.a.)Max Effective Rate (p.a.)Loan CurrencyLoan Term (months)Product Link
 ABN AMRO - Persoonlijke lening [NL]4.70 %4.70 %EUR24View Product
 ABN AMRO - Persoonlijke lening [NL]4.70 %4.70 %EUR36View Product
 ABN AMRO - Persoonlijke lening [NL]4.70 %4.70 %EUR48View Product
 ABN AMRO - Persoonlijke lening [NL]4.70 %4.70 %EUR60View Product
 ABN AMRO - Persoonlijke lening [NL]4.70 %4.70 %EUR72View Product
 ABN AMRO - Persoonlijke lening [NL]4.70 %4.70 %EUR84View Product
 ABN AMRO - Persoonlijke lening [NL]4.70 %4.70 %EUR96View Product
 ABN AMRO - Persoonlijke lening [NL]4.70 %4.70 %EUR120View Product

[NL] This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also: Consumer Loans in the Netherlands

Mortgage Loans

Mortgage loans are used to make real estate purchases without paying the entire value of the purchase up front. Mortgage loans offered by ABN AMRO Bank NV are shown in the table below:

ProductBorrowing Rate (p.a.)Loan CurrencyLending Amount (%)Loan Term (years)Product Link
 Woning Hypotheek [NL]3.65 %EUR605View Product
 Woning Hypotheek [NL]4.45 %EUR805View Product
 Woning Hypotheek [NL]4.50 %EUR6010View Product
 Woning Hypotheek [NL]5.30 %EUR8010View Product
 Woning Hypotheek [NL]5.05 %EUR6015View Product
 Woning Hypotheek [NL]5.85 %EUR8015View Product
 Woning Hypotheek [NL]5.20 %EUR6020View Product
 Woning Hypotheek [NL]6.00 %EUR8020View Product

[NL] This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also: Mortgage Loans in the Netherlands

Financial Positions

In 2015 total assets of ABN AMRO Bank NV were 390.32 bln EUR. Growth compared to the previous period (2014) was 0.89%. The evolution of the total assets of ABN AMRO Bank NV is shown at Chart 1 below.

Total Assets of ABN AMRO Bank NV.
Chart 1. Total Assets of ABN AMRO Bank NV.

Profit and Loss

Recent changes in gross profit of ABN AMRO Bank NV and its main components are shown in Table 1.

2014 2015 % change
Interest Income 13 376.0 13 207.0 -1.26% ↓
Interest Charges -7 353.0 -7 130.0 -3.03% ↓
Net Interest Income 6 023.0 6 076.0 +0.88% ↑
Commission Income 2 693.0 3 061.0 +13.67% ↑
Commission Charges -1 002.0 -1 233.0 +23.05% ↑
Net Commission Income 1 691.0 1 829.0 +8.16% ↑
Net Income from Trading Operations 174.0 99.0 -43.10% ↓
Table 1. Recent changes in gross profit of ABN AMRO Bank NV (mln EUR).

In 2015 net income of ABN AMRO Bank NV was 1 924.00 mln EUR. Growth compared to the previous period (2014) was 69.66%. The evolution of the net income of ABN AMRO Bank NV is shown at Chart 2 below.

Net Income of ABN AMRO Bank NV.
Chart 2. Net Income of ABN AMRO Bank NV.

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, ABN AMRO Bank NV is rated by Fitch and Standard & Poor's.

Credit ratings assigned to ABN AMRO Bank NV as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for ABN AMRO Bank NV it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for ABN AMRO Bank NV is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  5
Support Rating Floor  NF

Viability rating for ABN AMRO Bank NV is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for ABN AMRO Bank NV it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Bank financial strength rating is baa2. Short-term rating is set to Ba2.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Bank Financial Strength Rating  baa2
Short-Term Rating  Ba2
Outlook  stable

Outlook for the ratings of ABN AMRO Bank NV is set to stable (not likely to change).

Standard & Poor's

Long-term foreign currency rating for ABN AMRO Bank NV is set to A (strong capacity to meet its financial commitments). Long-term local currency rating is set to A (strong capacity to meet its financial commitments).

Long-Term Foreign Currency Rating  A
    Outlook  -
    Credit Watch  -
Long-Term Local Currency Rating  A
    Outlook  -
    Credit Watch  -
Short-Term Foreign Currency Rating  A-1
Short-Term Local Currency Rating  A-1

Short-term foreign currency rating for ABN AMRO Bank NV is set to A-1 (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1 (strong capacity to meet its financial commitments).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the Netherlands are obliged to participate in the Netherlands' deposit guarantee scheme.

In the case of ABN AMRO Bank NV failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Accounts  nearly every payment or savings account, current account or term deposit is covered
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information: Deposit Guarantee Scheme in the Netherlands

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of ABN AMRO Bank NV and its components are shown in the table below.

BIC  ABNANL2A
Bank BIC Code  ABNA
Country Code  NL (Netherlands)
Location Code  2A
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of ABN AMRO Bank NV is shown in the table below.

MFI ID  NL149

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Belgium

Germany

Guernsey

Jersey

Luxembourg

Netherlands

Norway

Spain

United Kingdom

Related Information on the Netherlands

  Economy and Banking Sector of the Netherlands

  List of Banks in the Netherlands

Share on Google+