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ABN AMRO completes acquisition of SocGen's Belgian private bank business
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ABN AMRO Private Banking Belgium SA completed the acquisition of the private banking activities of Société Générale SA in Belgium through a merger.
The deal was announced in July 2018 and doubled ABN AMRO Bank NV's assets under management in Belgium to roughly €12 billion.
The bank said the merger could impact 15% to 20% of the jobs in its private banking division between 2020 and 2022.