Netherlands Trading Society

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Netherlands Trading Society (Dutch: Nederlandsche Handel-Maatschappij) was a Dutch trading company and bank that would become one of the primary ancestors of ABN AMRO.

History

  • 1824: King Willem I created the Nederlandsche Handel-Maatschappij (NHM) by Royal Decree to revive trade between the Netherlands and the Netherlands East Indies.
  • 1826: NHM opened an office in Batavia (Jakarta).
  • 1870: NHM extended its activities to include banking.
  • 1888: NHM opened a branch in Penang.
  • 1948: NHM opened a branch in Karachi to become the first foreign bank to receive a banking license from the new Government of Pakistan.