ABN Amro warns of "uncertain times"

21st March 2007, Comments 0 comments

21 March 2007, AMSTERDAM – CEO of ABN Amro Rijkman Groenink sent a letter to the bank's employees today about the merger talks with Barclays. The letter notifies staff that there could be uncertain times ahead.

21 March 2007

AMSTERDAM – CEO of ABN Amro Rijkman Groenink sent a letter to the bank's employees today about the merger talks with Barclays. The letter notifies staff that there could be uncertain times ahead.

Groenink says in the letter that he expects speculations on the future of ABN Amro will continue for some time. The CEO said "no certainty could be given yet about the possible outcome" of the exploratory talks.

The letter mentions the fact that employees are being faced with questions from customers because of the media coverage of the talks.

"I ask you to remain focussed on our customers and our objectives. It is essential to stress that it is "business as usual" for our customers – our service provision will not be affected by reports in the media," Groenink writes.

"I can imagine that this letter raises more questions than it answers, but I simply cannot give nay more information at this time," he writes.

Jan Peter Schmittmann, director of ABN Amro Nederland, also called on employees in a personal message to "be confident and remain focussed on our customers and objectives."

[Copyright Expatica News + ANP 2007]

Subject: Dutch news

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