ABN Amro won’t take RBS corporate clients

ABN Amro is unwilling to take on some of Royal Bank of Scotland’s business clients because of fears it will be left with bad debts, the Financieele Dagblad reports on Monday, quoting inside sources.

The paper claims the dispute centres on several hundred clients which ABN Amro estimates are a greater credit risk than RBS.
The Scottish bank, which led the €73bn takeover for ABN Amro in 2007, is largely in British government hands after running into financial difficulty. ABN Amro Nederland has been completely nationalised.
During the carve up of the Dutch financial services group, RBS and ABN Amro had agreed RBS would get the big corporate clients, ABN Amro the small players and the medium-sized business accounts would be divided between them.
Royal Bank of Scotland denies the claims, the paper says.

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