July 24, 2020 / 10:47 AM / 15 days ago

Dutch bank ABN Amro to examine own history in light of racism debate

FILE PHOTO: ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. REUTERS/Piroschka van de Wouw

AMSTERDAM (Reuters) - Dutch bank ABN Amro (ABNd.AS) on Friday said it had commissioned a study into its past in light of the current global debate about systemic racism and the inequality faced by Black people.

“As a bank with a history going back 300 years, ABN Amro too is aware that there may be some episodes in our past of which we cannot be proud,” the bank said.

A spokesman for the bank said it was unclear how long the study would take and what consequences it might have.

The Dutch central bank this month also said it would examine its role in the slave trade.

The Dutch played a major role in the global slave trade from the 17th century until the Netherlands abolished slavery in 1863. The Dutch West India Company operated ships estimated to have traded 500,000 slaves in the 17th and 18th centuries.

Reporting by Bart Meijer. Editing by Jane Merriman

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