In late 2007, The Royal Bank of Scotland plc successfully led the consortium bid for ABN AMRO.
As such, “ABN AMRO Bank ZAO” has now changed its name to The Royal Bank of Scotland ZAO*.
Building on our already extensive relationships with corporates, financial institutions and governments in Europe, North America and Asia Pacific, the ABN AMRO transaction will extend our presence to more than 50 countries, improving our ability to meet your needs around the globe. This integration will bring considerable strengths in equities, corporate finance/advisory, emerging markets and transaction banking (cash management and trade finance).
RBS’s business divisions provide a range of retail and corporate banking, financial markets, insurance and wealth management services. The Group’s brands include RBS, NatWest, Ulster Bank, Coutts, Citizens and many other “household name” financial services companies. The operating profit in 2007 was £10.3 billion and RBS has 170,000 employees.
Through the acquisition of ABN AMRO’s international network, RBS’s Russian roots go back as far as 1916, when ABN AMRO predecessors - the Dutch Bank for Russian Trade and the Russian-Dutch Petrogradski Kupetcheski Bank (Petrograd Merchant Bank) - set up offices on Nevsky Prospekt in St. Petersburg. The 1917 Revolution brought an end to their activities in Russia, and their common successor ABN AMRO re-entered the scene in the Soviet Union in 1978, with the opening of a representative office in Moscow.
Over the past years, the Bank strengthened its presence in the Russian Federation, and today RBS operates in Moscow, St. Petersburg and Yuzhno-Sakhalinsk employing over 350 professionals.
The Royal Bank of Scotland ZAO, a 100% subsidiary of ABN AMRO Bank N.V. based in the Netherlands, received a full-fledged commercial banking license in 1993, the licence was reissued by Bank of Russia in the name of RBS in June 2008.
RBS is uniquely positioned in Russia, combining strong local presence with a global network. We offer all commercial banking services backed by the expertise, security and efficiency of one of the largest banks in the world.
*Now The Royal Bank of Scotland ZAO is 100 % affiliated division of ABN AMRO Bank N.V. The official name in Russian is Закрытое Акционерное Общество "Королевский Банк Шотландии". Short official name of the Bank in Russian is "Королевский Банк Шотландии" ЗАО.