ABN AMRO announces today in its Sustainability Report that it autonomously almost doubled its number of microfinance clients. With an increase from 186,300 clients in 2005 to 351,500 last year ABN AMRO has enlarged its footprint in this important division of sustainable banking. Other achievements are an increase in community investment, in socio-environmental financing and in sustainable procurement.
ABN AMRO further maintained its leading position in the listing of Carbon and Clean Energy Businesses on the London Equity Markets and in the trade of allowances under the EU Emissions Trading Scheme and carbon credits under the Kyoto Protocol.
Microfinance enables many people to work their way out of poverty. However, a significant challenge remains extending the reach and distribution capacity of microfinance activities. ABN AMRO's local operations drive microfinance forward. In the US, Brazil and India, the three countries where we currently have microfinance activities, we use different models customised to local needs and commercial operations.
See full Press Release.
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