ABN AmroÆs corporate communications division has spent most of the day stressing the Financial TimesÆ story went too far. The story centred on ABN AmroÆs recent æstrategicÆ re-organization which would involve shedding its retail banking operations in Asia. In conversations FinanceAsia has had with ABN AmroÆs head of external relations in Amsterdam, Thanno Massa, it has emerged that the FT may have taken the story a bit far.
ôOur strategic review says we will definitely focus retail banking in Europe, the US and Brazil. Our retail participation in 26 other countries including those in Asia will be reviewed in the next few months. Any outcome is possible. The FT have gone one step...
