ABN.NV ABN AMRO Group NV
ABN AMRO Group NV price
-1.07% Past Week
Market Cap
12.72B
Day’s Range
52W Range
Volume (3M)
2.32M
Price-Earnings Ratio
4.99
Revenue
20.61B
About ABN AMRO Group NV
Founded in 2009 as the result of a merger and privatisation measure by the Dutch government, ABN AMRO Group NV is a banking and financial services group located in Amsterdam. The group consists of several subsidiaries: ABN AMRO Netherlands, ABN AMRO Private Banking, the International Diamond and Jewelry Group, and Fortis Bank Netherlands. The primary reasoning behind the formation of the group was the 2007 financial crisis. After nationalising the group, the Dutch government slowly began to divest its shares in preparation for a 2011 IPO.
ABN AMRO Group NV, traded as ABN.NV on the Euronext, was able to raise almost $5 billion in its initial public offering. Shares were sold at €17.75 euros each, giving the company a valuation of €16.7 billion.
Similar to many other financial institutions, ABN AMRO Group NV was not immune to the infamous Bernie Madoff scandal. The group posted a loss of €1 billion as the result of the fraud, due to loans from its subsidiary Prime Fund Solutions. After the revelation of the dastardly deed, the Dutch government was considering legal action to recoup some of the losses on behalf of ABN AMRO Group NV.
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Show MoreRobert Swaak
CEO
20.8K
Employees
1973
Founded
NL
HQ
Get insight into a company's sustainability using ESG (environmental, social, and governance) scores.
0
100
57
High
Industry
Avg. 57
65
Environment
45
Social
69
Governance
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ABN.NV Upcoming events
11
SEP
Dividend Payment
Est. payment: $0.66 per share
13
NOV
Earnings Report
Q4, 2024 earnings report expected