More ABN Amro buy-backs not ruled out

Finance minister Wouter Bos has not ruled out the possibility of buying up parts of ABN Amro which Royal Bank of Scotland may sell off, he told RTL-Z on Tuesday.

Nevertheless, we should not look too much to the past when considering the bank’s future, Bos was reported as saying.
The ABN Amro group was taken over and split up by RBS, Fortis and the Spanish bank Santander in 2007.
The Dutch state took over the parts of ABN Amro acquired by Fortis last year after the collapse of the Dutch-Belgium banking and insurance group.
And on Monday RBS announced it has made a record loss and is considering selling off its former ABN Amro operations.
‘We must build a new, vital and strong bank. Possibly we can benefit from this by buying parts of RBS. But that would mean looking extremely carefully and with a good entrepeneur’s eye at the possibilities,’ Bos is quoted as saying in the FD.

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