ABN Amro renamed as Royal Bank of Scotland

Starting today, ABN Amro Bank in the UAE will be renamed to The Royal Bank of Scotland (RBS) after a $102bn acquisition deal in October 2007, Khaleej Times has reported. "All our details such as address, company number, VAT number etc will stay the same following the name change. SWIFT codes and numbers will also stay the same though the name will change," Simon Penney, Country Executive of the bank in UAE, said in a communiqué to all bank customers. The bank has said, in the UAE, the process of separating the business and assets amongst the consortium partners is intended to be completed in the first quarter of 2010 for the majority of assets, with full completion expected by second half of 2010.