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                    [ArticleID] => 153221
                    [Title] => ABN Amro Savings sells branches, auto & mortgage loan portfolios
                    [Summary] => ABN Amro Savings Bank has sold its branch network, and its auto and mortgage loan portfolios raising speculations that the foreign bank plans to pack up and leave the group’s Philippine operations to ABN Amro, holder of an overseas banking unit license.


ABN Amro said in Amsterdam on Thursday the divestment was part of its strategy to shed non-core assets and focus on core client segments globally.


Its 20 branches, including the account of some 28,000 depositors were acquired by Robinson Savings  Bank for roughly P5 billion.


                    [DatePublished] => 2002-03-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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ROBINSON SAVINGS BANK

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                    [ArticleID] => 153221
                    [Title] => ABN Amro Savings sells branches, auto & mortgage loan portfolios
                    [Summary] => ABN Amro Savings Bank has sold its branch network, and its auto and mortgage loan portfolios raising speculations that the foreign bank plans to pack up and leave the group’s Philippine operations to ABN Amro, holder of an overseas banking unit license.


ABN Amro said in Amsterdam on Thursday the divestment was part of its strategy to shed non-core assets and focus on core client segments globally.


Its 20 branches, including the account of some 28,000 depositors were acquired by Robinson Savings  Bank for roughly P5 billion.


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                    [AuthorName] =>  Ted P. Torres
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ABN Amro Savings sells branches, auto & mortgage loan portfolios

By Ted P. Torres | March 9, 2002 - 12:00am

ABN Amro Savings Bank has sold its branch network, and its auto and mortgage loan portfolios raising speculations that the foreign bank plans to pack up and leave the group’s Philippine operations to ABN Amro,...

Business