ABN AMRO announced on 14 October 2005 a new organisational structure, effective 1 January 2006. This structure is aimed at optimising the growth potential of the Group as it aligns the organisation with its mid-market strategy. The new structure will strengthen ABN AMRO's competitive position in the mid-market segment, the prime driver of its organic growth.
Intentions:
Focus on implementing new operating structure to optimize both growth potential and cost efficiency:
o mid-market segment the prime driver of organic growth
o GSS programme on track for EUR 600mln by 2007 and annualised savings of at least EUR 750 mln by 2008
Focus on capital discipline and efficiency consistent with our ROE ambition:
o improve capital efficiency of WCS
o further reduction of Risk Weighted Assets
o intention to sell Bouwfonds
o leading to improved capital ratios and creating room for share buybacks in 2006
Source: Bouwfonds/ABN AMRO
