One of the major factors that have led to the economic growth of Amsterdam is the privatization of the banks of Amsterdam. Since commercial banking is widespread in Amsterdam, the banks play an integral role in providing adequate financial support to the industrial sector of Amsterdam.
There are a large number of banks in Amsterdam. These include Fortis Bank NV, Finansbank NV, ING Bank NV, Deutsche Bank AG, State Street Bank Europe Ltd, Morgan Stanley, National Bank of Greece SA, De Nederlandsche Bank NV, WestlandUtrecht Hypotheebank NV, Isbank GmbH, KAS Bank NV, KBC Bank Nederland NV, ICBC NV, Eurohypo AG, ABN AMRO Bank NV, Dexia Bank Nederland NV, HSBC Investment Bank NV, Citicorp Investment Bank NV, Commerzbank NV, Citco Bank Nederland NV, Friesland Bank Securities NV, Delta Lloyd Bank NV, Bank of America NA, Korea Exchange Bank, The Economy Bank etc.
Besides the usual banking functions, the Amsterdam banks deal with foreign currencies and are a part of the international network of banks and financial institutes. Amsterdam consists of branches of national banks which are Dutch banks as well as branches of a large number of international banks. Such a large number of local and international banks in Amsterdam portray the significance of the city in the global financial market.
