Press RoomABN AMRO Bank N.V.Press Relations(HQ 9140)P.O. Box 2831000 EA AmsterdamThe NetherlandsContact Press Relations

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(1)ABN AMRO Press Room: <b>ABN AMRO establishes locally incorp.... 1 of 2. http://www.abnamro.com/pressroom/releases/2007/2007-07-03-en.jsp. Search Advanced Search. Careers. Press Room. Press Room. ABN AMRO Bank N.V.. Investor Relations About ABN AMRO Worldwide Presence Corporate Governance. ABN AMRO establishes locally incorporated bank in China Shanghai, 3 July 2007 ABN AMRO establishes locally incorporated bank in China. Press Room Press Releases Archive Media Kit Call & Quote Share Information Webcasts & Presentations Contact Press Relations. Press Relations (HQ 9140) P.O. Box 283 1000 EA Amsterdam The Netherlands Contact Press Relations. ABN AMRO today held an inauguration ceremony in Shanghai to establish ABN AMRO Bank (China) Co., Ltd, the locally incorporated entity of the bank. This follows ABN AMRO's recent approval from the China Banking Regulatory Commission for local incorporation in China. Headquartered in Shanghai, ABN AMRO Bank (China) Co., Ltd. will facilitate the bank's ambitious growth and expansion plans into RMB-denominated banking services in China. To support this growth, ABN AMRO has more than tripled its registered share capital to RMB 4 bln from RMB 1.3 bln. Speaking at the press conference, ABN AMRO managing board member, Piero Overmars, said: "Our local incorporation marks a new milestone in the bank's 104-year history in this market. The new entity provides us with a broader scope for development and will be a powerful impetus to further accelerate our growth in China." Established in 1903, ABN AMRO currently has 14 outlets and employs more than 1,000 staff in China. The bank plans to triple the size of its business in China within the next five years, expanding its network to more than 20 outlets by the end of 2008. Mr. Jeroen Drost, ABN AMRO's Chief Executive Officer in Asia added: "One of the key reasons for our success in China and Asia is our ability to combine local intimacy and global product expertise. That is, we take real pride in adapting our world-class products and high-quality operations to the benefit of local customers, taking time to listen to our customers and to understand their financial needs." Mr. Qiu Zhi Zhong, Vice Chairman of ABN AMRO in Asia and Board Chairman of ABN AMRO in China, said: "We will continue to expand our scope of business to offer more RMB products, applying our global expertise in foreign exchange and wealth management to our RMB business for the benefit of our local customers." As part of the bank's continuous commitment to support the local communities in which it operates, the ABN AMRO Foundation, a community investment unit of the bank, announced today a new initiative in cooperation with Mercy Corps to alleviate poverty in China. The project will see Mercy Corps, a well-reputed and governed NGO, partner with the Dandelion School in Beijing, to provide vocational, life skills training and apprenticeships to disadvantaged teenagers, targeting regions where ABN AMRO has presence in China. Launching in September, the project aims to equip young people from rural villages, aged 14 to 18, with income earning skills to help their families escape the cycle of poverty. Initially, the project is expected to benefit over 300 families in China. Press Enquiries: Yuk Min Hui +852 2700 5664 Notes to Editors: ABN AMRO Netherlands-based ABN AMRO is a leading international bank with total assets of EUR 1,054.6 bln (as at 31 March 2007). It has over 4,500 branches in more than 53 countries and territories, and has a staff of. WorldReginfo - f85d7a40-9279-487a-ba24-d1c66faa75d0. Client Segments. Home Contact Site map. 21/08/2007 18:34.

(2) ABN AMRO Press Room: <b>ABN AMRO establishes locally incorp.... 2 of 2. http://www.abnamro.com/pressroom/releases/2007/2007-07-03-en.jsp. about 107,000 full-time equivalents worldwide. ABN AMRO is listed on Euronext and the New York Stock Exchange. ABN AMRO in China ABN AMRO has been present in China for over 100 years and provides a wide range of financial services to institutional, corporate and consumer clients in China. ABN AMRO has five branches and seven sub-branches in Shanghai, Beijing, Shenzhen, Chengdu and Chongqing, it also has three representative offices in Tianjin, Guangzhou and Wuhan. ABN AMRO Foundation Established since 2005, the ABN AMRO Foundation is an addition to the bank's community investment programmes that focuses on poverty alleviation by using its core competencies as a financial institution. The creation of the 'ABN AMRO Foundation' is part of the bank's commitment to foster sustainable development in the countries in which it operates. The bank will invest EUR 5 mln every year. The Foundation will select projects that are focused on helping communities and individuals to improve their standard of living and generate an income. The Foundation will work in partnership with well-reputed and governed NGOs, with a strong track record and local touch. Beyond providing financial capital, the Foundation will add value to the partner and the project based on its expertise, in terms of structuring the project for optimal success, mitigating risks and providing human capital through the involvement of employees. Projects, selected by the Foundation, will be aimed at bringing about systemic change, and will be linked to its stated mission as a financial intermediary of tackling impediments to society's social and economic development.. WorldReginfo - f85d7a40-9279-487a-ba24-d1c66faa75d0. Disclaimer | Privacy Statement | Security Copyright © 1998-2006 ABN AMRO Bank N.V. All rights reserved.. 21/08/2007 18:34.

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