ABN-AMRO Bank N.V.
By Our Banking Bureau | 18 Nov 1999
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Subordinate Debt Bonds- Rs 1000 million
Rating : AAA
The rating reflects the very strong commercial position and sound financial profile of ABN-AMRO Bank N.V. Globally, the bank has an outstanding rating of 'AA' from 'Standard and Poors' (S&P) for its senior debt and an outstanding rating of 'AA' for its subordinate debt programme. The bank has reported good and stable profitability in recent years, despite many acquisitions and increased international diversification. This has been achieved by a combination of high returns in its domestic market of Netherlands and a successful retail banking strategy abroad, mainly in the U.S. The bank's good asset quality reflects its traditional role as a lender to large Dutch and international corporations and a conservative credit culture. The bank also has a comfortable capital adequacy with a Tier I capital ratio of 7.26% as of June 30, 1999. ABN-AMRO Bank N.V. has an extensive international network of over 2,500 branches in 74 countries and an asset base of euro 465 billion as of June 30, 1999.
ABN-AMRO Bank N.V. started its Indian operations in 1920 and currently operates in 6 cities in India. The bank has positioned itself as a Universal Bank offering the entire gamut of services spanning Retail Banking, Structured Finance, Transaction Banking, Debt underwriting and Distribution, Broking, Corporate Finance, Investment Banking, Fleet Management Services, Corporate Banking and Treasury. The bank has recently acquired the consumer banking business of Bank of America, thereby giving a thrust to its retail operations in India. The domestic operations are characterised by moderate size of balance sheet, healthy asset quality and consistently strong profitability. The capital adequacy of the bank in India is moderate and is expected to be supported by the issue of subordinated debt and infusion of Tier I capital from the Head Office. As of March 31, 1999 the Indian operations of the bank has an asset base of Rs. 3977.26 crores and a PAT/ Average assets employed ratio of 2.59%.
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