ABN Amro is ready for a trip to the fair. This enables CEO Gerrit Zalm on the eve of the Cabinet decision, which probably falls tomorrow afternoon
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“ABN Amro stands firmly on its legs and can benefit from the recovery of the Dutch economy. And we are now for the first time the best capitalized bank in the Netherlands, “grins CEO Gerrit Zalm in conversation with The Financial Telegraph on the eve of the announcement of the offering.
Salmon has thick six exhausting years to sit as chairman. There was work to do when he took office as director in 2007. The house was on fire and rushed out of the financial crisis.
The old banking giant was taken over in 2007 by the consortium of Banco Santander, RBS and Fortis. Which would divide the various international parts themselves. But especially because Fortis had choked and now falling over themselves stood the State had to step in to protect the Netherlands from a financial catastrophe.
Salmon was asked by then Minister Bos (Finance) to lead the bank back into calmer waters. Previously had the parts which belonged first be cleaved to RBS and Santander. And then the Dutch parts of Fortis had to be integrated again. “It was a very strange situation. We had to split off a lot, but also merge a lot. That meant that technically and legally it was much to do.”
Rebuild
And the external conditions would worsen, because the crisis that had already begun, was still in full force erupt. The most difficult was the combination of the two; a bad economy during the transformation, says Salmon. “We were actually in the situation that it began to rain during the renovation.”
These renovations not only to the structure of the bank. Also between the ears of the bankers was necessary to do. The haute finance’ bank had indeed always been the training institute for international business, on the razor’s edge. Now everyone should abide by the “moderate risk” of the bank and with eyes only for the client’s interest, including the offices abroad
Salmon:. “That is a matter of good people appoint, provide training and a lot of capacity to ‘compliance and audit.’ “
That the recently still went wrong in Dubai, according to Salmon was ‘serious’ but an incident. “We have intervened firmly and sat on top of it. I have no indication that more smoldering issues play similar. That does not mean that nothing ever happens. There are also annual customs officers fired, but that does not mean that the customs organization flawed “
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Dirty grin of those grabbers! Yesterday account terminated by the bank, the following is the Rabo where two accounts will be terminated and the ING. Mortgage stands at Argenta and payment account with ASN.
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Do not be a farce and therefore cost taxpayers money again. The world is really not waiting for a small bank in the Netherlands.
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Just think though, it’s better now, we still have many billions to good and now ……… Well as I see the citizen is the dupe it, thanks salmon and government.
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This should not, we have saved the bank as a citizen of the Netherlands from destruction. They give each other € 100,000 salary increase, the staff shall be dismissed. Our government approved it. They are white-collar criminals. This bank has learned nothing. This bank is going to get fucked and then the bank should not be saved. The money is going to deliver it must be returned to the citizens, we have everything. The bank’s top prison for what they should have done.
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Forest he soon gets a job at the ABN AMRO Bank as vice president of the board of bestuur.Eerst Salmon appoints CEO and then rule Salmon something for him then they can both grab because so it goes in Nederland.Politici everywhere continue to fill their pockets.
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Once I was proud of this company ….. Ever
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What is it about a rig huh?
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That Gerrit Zalm continues laugh hey, staying grab thieves with another one ton of extra bonuses and again. Bunch of crooks.
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Soon, the weather was a fiasco at the initial public offering of the ABN AMRO Bank.Zalm know bliksemgoed.Deze man also was with the DSB bankrupt gegaan.Dit is a warning to the Minister of financiën.Straks taxpayers must go bijspringen.Dat is my opinion as a citizen of this land.Gelukkig I can give my own opinion.
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Well that can not be true after the downright criminal salary action, receivership that is the only option. If the state has Nedelandse backbone!
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Well, he says it all, benefit from the recovery of the economy and that they are the best capitalized bank. How is that possible? Everyone has to do this through the tax paying into the feet of the bank that has come through the culture of greedy bankers in trouble and was party to the recession and now the weather is going to start from the beginning. It is time for our government to get a little balls will show and go grab hard in here. Make this offense !!!
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Look at that grin of the man seen in the photo.
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Salmon still has shares of BAM and Ballast Nedam this went a couple of weeks by 15% and now build bam and ballast windmill parks at sea, very toevalig Salmon big crook
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Let this be a public bench bench and remain, but with skilled drivers not greedy
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If Salmon laughs, cries Netherlands.
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People forget, who knows there is still that Salmon was that the Dutch guilder has redeemed too cheap for the Euro 2.20371 it was only 10 to 15 percent too little Now he has a beautiful job where he just got back 100,000 euros there in case he gets stuck in the IPO.
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What can that salmon I could not? My name is Robin. Robin Hood, to be exact. I steal from the rich and give it back to the poor.
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Hold until they have recovered the mess. And they certainly do not give a mandate to further line the pockets.
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D66 is more than VVD light disguise of WPB.
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As he puts it between the ears and it rained during the renovation. Is pouring on his private account and that his nod.
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Not only the tax payer, the bank’s customers have saved the bank again atop helped Fewer services much higher fees and interest To me you are the customer also grabbers people who prefer to have for yourself who have no way out. Even if you have tons of securities account are as under house along the Powder Keg lend you a percentage cheaper In Degiro’s securities trade in US stocks about 95 percent cheaper without storage costs. So
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Mr. Salmon, this transaction is the taxpaying Dutchman cost the same as it controlled by you guilders Euro debacle. When you have our golden approximately 12% too cheap squandered the Euro. Now taxpayers stinks about 40% of the invested amount. Never keep it on or is it the bonus at IPO on you waiting?
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People like Salmon Netherlands is broken.
tropics bullshit! Grab it! VOC mentality hey execute customers! That is what one does in this country!