▁term ▁credit . ▁To ▁do ▁this ▁it ▁established ▁the ▁N ationale ▁Bank ▁voor ▁M idd ell ang ▁K red iet ▁business ▁unit ▁to ▁provide ▁medium ▁to ▁long ▁term ▁credit . ▁It ▁established ▁or ▁acquired ▁companies ▁such ▁as ▁Mah uk o ▁( So ci ety ▁for ▁le asing ) ▁and ▁Am st el ▁Le ase ▁for ▁its ▁le asing ▁business . ▁The ▁finan cing ▁of ▁factor ing ▁was ▁brought ▁together ▁under ▁the ▁International ▁Fact ors ▁Nederland ▁B . V ., ▁the ▁oldest ▁factor ing ▁company ▁in ▁the ▁Netherlands . ▁ ▁In ▁the ▁ 1 9 6 0 s ▁and ▁ 1 9 7 0 s , ▁like ▁many ▁other ▁bank ing ▁companies , ▁AM RO ▁saw ▁growth ▁in ▁ret ail ▁bank ing ▁and ▁this ▁became ▁a ▁much ▁bigger ▁part ▁of ▁the ▁business . ▁Its ▁wh oles ale ▁bank ing ▁was ▁also ▁strength ened ▁by ▁the ▁ac quisition ▁of ▁Pi erson , ▁H eld ring ▁& ▁Pi erson ▁( PHP ) ▁in ▁ 1 9 7 5 . ▁AM RO ▁operated ▁PHP ▁as ▁an ▁independent ▁unit ▁under ▁its ▁existing ▁name . ▁Another ▁ac quisition ▁was ▁U tre cht ▁based ▁Bank ▁F la ors ▁& ▁Ko , ▁which ▁had ▁been ▁in ▁existence ▁since ▁ 1 6 9 1 . ▁This ▁bank ▁was ▁absor bed ▁under ▁the ▁AM RO ▁Bank ▁brand . ▁ ▁In ▁ 1 9 6 7 ▁AM RO ▁Bank ▁was ▁one ▁of ▁the ▁found ers ▁of ▁the ▁cons ort ium ▁bank ▁Ban que ▁Europ é enne ▁de ▁Cr éd it ▁à ▁Mo yen ▁T