Reactie ABN AMRO

Opmerking bij alle ABN-AMRO clusterbommen artikelen op deze pagina's.
In februari 2004 maakte de ABN bekend zich terug te trekken uit INSYS.

Reactie ABN AMRO

ABN AMRO does not own Insys, but holds a stake (of less than 20% after syndication) through an investment fund; The mothercompany of Insys, Hunting Engineering, was involved in the development of an anti-armour cluster munition in the sixties. The production of the munition ended in the eighties.
Nowadays, Insys is involved in regular tests of the existing stock , through a a servicecontract with the RAF; This type of munition is not one of the controversial types of the clusterbomb, since it is to be used against armoured objects and it does not involve landmines.
There is no international agreement or treaty that forbids the use of this type of munition; Furthermore, Insys is based in a Nato-country and servicing a Nato-army which is involved in, for instance, the international fight against terror;
ABN AMRO has a carefully selected set of criteria to evaluate potential investments in, or relationships with defence industry. In this case, these criteria are met since Insys has a good reputation in the industry, has all required licenses, is not involved in restricted or forbidden products and trade, and has only governments as clients. On these grounds ABN AMRO sees no reason to reconsider its position.
Of course the bank welcomes any new and relevant information; we have invited the action group to discuss the issue and to share information.