ABN Amro to make buys in France and Germany, earliest in 2019 - report (translated)
26 NOV 2017
ABN AMRO Group NV [AMS: ABN] wants to make buys in France and Germany, earliest in 2019, Dutch daily Het Financieele Dagblad reported citing ABN Amro CEO Pieter van Mierlo as well as Choy van der Hooft, responsible for the Dutch offices. The bank focusses on staying market leader in The Netherlands. In France and Germany, ABN Amro is the third player.
According to the CEO, the bank has to grow to keep up. However, Van Mierlo now mostly aims at creating synergy within the organisation. Several different departments have to function as one organisation and work together.
Van Mierlo also wants to double the investment in sustainable funds. Of the EUR 197bn in managed capital, ABN Amro wants to invest EUR 16bn in such funds.