ABN AMRO

ABN amro has five regional Client BUs (Business Units): the Netherlands, Europe, North America, Latin America and Asia. These BUs serve about 20 million consumer clients and small to larger businesses worldwide. ABN AMRO is among the world's leading players in these businesses.

ABN amro has two global Client BUs to serve clients with global needs. The BU Private Clients provides private banking services to wealthy individuals and families and has EUR 150 billion in Assets under Administration (as at July 2007). The BU Global Clients serves our 550 multinational clients. Bank has three Product BUs: Global Markets, Asset Management and Transaction Banking.

• Global Markets develops products for commercial clients across the globe.
• Transaction Banking is product organization covering all payments and trade in the bank for retail, private client, and commercial markets.
• Asset Management, which is one of the world's leading asset managers, operates from over 20 locations worldwide and manages EUR 211 billion worth (as at July 2007) of assets for private investors and institutional clients.

Company is dealing in financial services all over the globe wreaking havoc of interest and leasing. With the help of WTO and IMF company has been specially able to penetrate in third world countries depriving them of savings and small businesses. With a planned cooperation with multinationals, banks give them loans to make their positions strong and together they push more people under poverty line. Banks are also given subsidies whereas local Islamic banks of third world countries are being deterred. Since, the Bank belongs to Europe, its marketing methods and financial principles comply with western interest based finance which is unacceptable in most Islamic countries. Money earned by bank, like all other MNCs go abroad instead of ameliorating conditions of the countries bank operate in. Work conditions and pay scale is also below the standard. Most banks, make employees work for 12 hours and there is no extra pay for that. Marketing methods of banks is also despicable since it includes nudity and unrealistic suggestions, alien to most Islamic countries.