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ABN AMRO to Close its Office in Botswana

Oct 23, 2013 10:50 AM   By Jeff Miller
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RAPAPORT... ABN AMRO Bank N.V. will close its office in Botswana, which currently includes a team of four employees from the bank's international diamond and jewelry group.

According to the bank's statement, it continued to recognize the importance and favorable position of Botswana within the diamond and jewelry sector, however, the scale of the bank's operations in the country in the context of its global reach was just too limited to be sustainable.

Clients were being informed of the decision this week and ABN AMRO stated that it is working with each client to find ways in which the business relationship may continue from other locations.

Tags: ABN Amro, Banking, Botswana, Jeff Miller
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