Banking strategy in Rotterdam
Most of the banks in Rotterdam have formed mergers amongst themselves to enhance the efficiency of the financial services sector. This strategy has proved to be useful, especially when the banks of Rotterdam had to compete against some of the International financial biggies.Banking in Rotterdam has got a new dimension with financial mergers since they have cut down on the costs in a major way while increasing the operational efficiency. One such banking merger took place between General Netherlands Bank and Amsterdam-Rotterdam Bank in the year 1990. The resulting unit to have formed is referred to as ABN Amro, which is considered to be one of the largest banks in Europe. Some of the other important Rotterdam bank mergers include:
- Postbank with Netherlands Traders' Bank
- Fortis with De Generale Bank
Banks in Rotterdam
The banks in Rotterdam are not restricted to providing monetary transactions alone, but have gone ahead in offering financial services to small and big time investors. Right from insurance and home loans to financial consultations, the banks in Rotterdam offer an array of facilities. Some of the important Rotterdam banks include:- ING Bank Rotterdam
- Gemeentelijke Kredietbank
- SNS Bank
- Fortis Bank NV
- Lloyds TSB Bank Plc
- FGH Bank NV
- Goffin Change
- KBC Bank Nederland NV
- Rabobank
Rotterdam banking and the economy of Holland
The Rotterdam banking sector contributes largely to the economy of the country. Three of the most important banks, the ABN Amro, ING Bank and Rabobank, constitute 75% of the total lending figures. All these three banks have their branches in Rotterdam.With a total of 115 banks in the whole of Netherlands, the banking sector forms an important employment avenue in the country. Around 220,000 people have been absorbed in Netherlands banks. Banking in Rotterdam therefore maneuvers the economy of the country to a great extent.
