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Amsterdamsche Bank

From Wikipedia, the free encyclopedia
Former head office of Amsterdamsche Bank on Amsterdam's Rembrandtplein; lately headquarters of Booking.com

The Amsterdamsche Bank was a significant bank in the Netherlands, founded in 1871.[1] In 1964, it merged with Rotterdamsche Bank to form AMRO Bank (for AMsterdamsche & ROtterdamsche).[2]

Overview

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Amsterdamsche Bank was established on 5 December 1871 by a group of mainly German investors led by the Bank für Handel und Industrie (Darmstadt), in the context of German financial expansion following its victory of the Franco-Prussian War. It expanded rapidly from its base in Amsterdam to other cities in the Netherlands. In 1948 it took over Incasso Bank [nl] (est. 1891),[3] which it fully absorbed in 1956.[1]

Its elegant Art Nouveau head office building on Herengracht 597–601, designed by Eduard Cuypers and completed in 1897, was demolished in 1966. A subsequent head office building [nl] on Rembrandtplein, designed by Bert Johan Ouëndag and completed in 1932, is a notable Art Deco landmark of Amsterdam.[4]

See also

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References

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  1. ^ a b ABN AMRO Historisch Archief, Amsterdamsche Bank, 1871-1964 (PDF)
  2. ^ "Bigness Sought by Dutch Banks; Merger of 4 Units Into Two Aimed at Competition". New York Times. 6 July 1964.
  3. ^ "Two Dutch Banks Agree to Merger; Amsterdamsche, Incasso to Cut Combined Capital of 85,000,000 Guilders to 70,000,000". New York Times. 11 October 1947.
  4. ^ Simon Lelieveldt (26 August 2011). "Rembrandtsplein: Amsterdamsche Bank, Incasso Bank, Amro-bank, ABN AMRO Bank". Financial History of Amsterdam.
  5. ^ "Amsterdamsche Incasso Bank". Kraaijvanger Architects.