- Nederlandsche Handel-Maatschappij
Nederlandsche Handel-Maatschappij is one of the primary ancestors of
ABN AMRO .History
*1824: King Willem I created the Nederlandsche Handel-Maatschappij (NHM) by Royal Decree to revive trade between the Netherlands and the
Netherlands East Indies .*1826: NHM opened an office in Batavia (
Jakarta ).*1858: NHM opened a branch in
Singapore .*1870: NHM extended its activities to include banking.
*1888: NHM opened a branch in
Penang .*1889: NHM opened a branch in
Hong Kong .*1920: NHM opened branches in
Bombay (Mumbai ) andCalcutta (Kolkata ) primarily to work with clients in thediamond business.*1926: NHM opened a branch in
Jeddah ,Saudi Arabia . This was the first, and until 1948 the only,commercial bank in the Kingdom. The branch existed to serve the needs of Indonesian Muslims coming to performHajj , thepilgrimage toMecca .*1941: NHM opened an agency in
New York City .*1948: NHM opened a branch in
Karachi to become the first foreign bank to receive a banking license from the new Government ofPakistan .*1949: NHM acquired
De Surinaamsche Bank .*1951: NHM opened branches in
Mombasa , (Kenya ), andDar-es-Salaam , ( Tanganyika).*1954: NHM opened a branch in
Beirut , (Lebanon ), and one inKampala , (Uganda ).*1960: The Indonesian government nationalized NHM's local operations and formed a new bank, Bank Ekspor Impor Indonesia.
*1963: NHM set up its
Malaysia n head office inKuala Lumpur .*1964: NHM merged with
De Twentsche Bank to form Algemene Bank Nederland (ABN).
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