ABN AMRO strengthens support for its Corporate & Institutional Banking clients with branch opening in Australia

SYDNEY,March 7,2019 -- ABN AMRO today officially opened its Sydney branch after receiving approval for a banking licence from the Australian Prudential Regulation Authority (APRA) in October 2018. Building upon ABN AMRO Clearing's securities services business that celebrated its twentieth anniversary in Sydney last year,the Sydney branch serves clients in a number of global sectors. ABN AMRO previously operated a representative office in Sydney before transferring to a branch to better serve its clients.

ABN AMRO has a long history in Asia-Pacific that dates back to 1826. Rutger van Nouhuijs,CEO Corporate & Institutional Banking at ABN AMRO,said: "ABN AMRO's clients already do business in Australia with four out of five of its largest trading partners located within the region accounting for almost half of its total exports. With the Sydney branch,ABN AMRO offers these clients on-the-ground expertise and services supported by access to a global sector bank."

Jaap Kalverkamp,Asia Pacific Chief Executive Officer,ABN AMRO,added: "Australia has many internationally active home-grown companies in sectors we cover. We are looking to share our expertise and experience as a sector bank to support Australian and other Asia-Pacific companies in making the energy transition towards greater sustainability."

Peter Davis is Country Executive for ABN ARMO's Australia operations. Besides Sydney,ABN AMRO is also located in key Asia Pacific financial centres including Hong Kong,Shanghai,Singapore and Tokyo.

About ABN AMRO Bank N.V.

ABN AMRO is a Dutch bank for retail,corporate and private banking clients. In Asia Pacific,the bank is focused on its corporate and institutional banking business providing global financing,clearing services and advisory to clients in specific industry sectors. Headquartered in Amsterdam,ABN AMRO is present in 19 countries with around 19,000 people worldwide. For further information,visitwww.abnamro.com.

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