Amsterdamsche Bank Explained

Amsterdamsche Bank should not be confused with Bank of Amsterdam.

The Amsterdamsche Bank was a significant bank in the Netherlands, founded in 1871. In 1964, it merged with Rotterdamsche Bank to form AMRO Bank (for AMsterdamsche & ROtterdamsche).[1]

Overview

Amsterdamsche Bank was established on by a group of mainly German investors led by the Bank für Handel und Industrie (Darmstadt), in the context of German financial expansion following its victory of the Franco-Prussian War. It expanded rapidly from its base in Amsterdam to other cities in the Netherlands. In 1948 it took over (est. 1891),[2] which it fully absorbed in 1956.

Its elegant art nouveau head office building on Herengracht 597–601, designed by Eduard Cuypers and completed in 1897, was demolished in 1966. A subsequent on Rembrandtplein, designed by Bert Johan Ouëndag and completed in 1932, is a notable art deco landmark of Amsterdam.[3]

See also

Notes and References

  1. News: New York Times . Bigness Sought by Dutch Banks; Merger of 4 Units Into Two Aimed at Competition . .
  2. News: New York Times . Two Dutch Banks Agree to Merger; Amsterdamsche, Incasso to Cut Combined Capital of 85,000,000 Guilders to 70,000,000 . .
  3. Web site: Financial History of Amsterdam . Rembrandtsplein: Amsterdamsche Bank, Incasso Bank, Amro-bank, ABN AMRO Bank . . Simon Lelieveldt.