The Associated Banks of Europe Corporation (or ABECOR) was founded in 1972 in Brussels by
ABN AMRO
ABN or abn may refer to:
Companies
* ABN AMRO Group, a Dutch bank group
* ABN AMRO, sometimes referred to as "ABN" in shorthand, is a Dutch state-owned bank
* Algemene Bank Nederland, a now-defunct Dutch bank
Radio, news and television organizat ...
and three other banks to enhance the Bank's operations in Europe.
The association later consisted of the nine banks:
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Banque Nationale de Paris
BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the grou ...
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Barclays Bank
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
Barclays traces ...
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Banca Nazionale del Lavoro
Banca Nazionale del Lavoro S.p.A. (BNL) is an Italian bank headquartered in Rome. It is Italy's sixth largest bank and has been a subsidiary of BNP Paribas since 2006.
History
Founded in 1913 as Istituto Nazionale di Credito per la Cooperazione, ...
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Dresdner Bank
Dresdner Bank AG was a German bank and was based in Frankfurt. It was one of Germany's largest banking corporations and was acquired by competitor Commerzbank in May 2009.
History
19th century
The Dresdner Bank was established on 12 Novemb ...
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Algemene Bank Nederland
Algemene Bank Nederland (ABN, "General Bank of the Netherlands") was a Dutch bank that was created in 1964 through the merger of the Netherlands Trading Society ( nl, Nederlandsche Handel-Maatschappij, NHM, est. 1824) with the (TB, est. 1861). I ...
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Banque de Bruxelles
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Banque Internationale à Luxembourg
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Österreichische Länderbank
With over $200 Billion in assets, it was supposed to be a major group or banking club in Europe, its main legacy was a joint training centre.
The association generally did not live up to the expectations of its member banks, with the exception of the economists, who regularly and intensively exchanged thoughts and were able to tap into sizeable databases and analysis. The banks found that when attempting joint projects the majority were often held back by a stubborn minority.
One enduring accomplishment however of the ABECOR cooperation turned out to be ABIN, the joint training centre in Bad Homburg, Germany, where specialist seminars involving the members’ junior executives were offered.
See also
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Inter-Alpha Group of Banks
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European Financial Services Roundtable
The European Financial Services Round Table (EFR) brings together chairmen and chief executives of leading European banks and insurance companies. The purpose of the EFR is to contribute to the European public policy debate on issues relating to fi ...
References
ABN AMRO
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