US EditionABN AMRO to Acquire NIBC Bank
The acquisition will add 325,000 savings clients and 200,000 mortgage customers to ABN Amro, enhancing its Dutch retail banking presence.
- ABN AMRO announced it agreed to buy NIBC Bank from Blackstone for around €960 million, disclosed in an ABN AMRO press release.
- ABN AMRO said the move aims to expand its mortgage and savings business and strengthen its position in the Dutch retail banking market, citing NIBC Bank's focus on mortgages and savings products.
- The combined group will serve around 325,000 savings customers and 200,000 mortgage clients across north-west Europe, while ABN AMRO will focus on ABN AMRO and Florius, discontinue Moneyou, and consider adding NIBC’s mortgage brand.
- The deal is expected to boost ABN AMRO’s profitability, targeting a return on invested capital of around 18% by 2029 and affecting its CET1 ratio by around 70 basis points at closing, while increasing scale in Dutch, German and Belgian savings markets.
- Completion is expected in the second half of 2026, subject to regulatory approvals and works council consultations, while the Dutch state’s reduced stake means ABN AMRO no longer must consult NLFI on takeovers.
16 Articles
16 Articles
ABN Amro is acquiring its smaller retail counterpart, NIBC. This increases the potential for growth in the German and Belgian savings markets, among other things. The question is whether the Netherlands Authority for Consumers and Markets (ACM) will approve of the further erosion of the savings landscape in the Netherlands.
The Dutch take over the domestic competitor NIBC. German savers know him from the internet. At the top is an old acquaintance of the Frankfurt financial scene.
ABN Amro is acquiring NIBC. With the acquisition of the Hague-based bank, the major bank has acquired a large number of mortgage and savings clients in one fell swoop, strengthening its position in the Dutch market. NIBC focuses primarily on mortgages and savings and also finances companies, for example, in real estate and digital infrastructure.
NIBC is the former Dutch Investment Bank, which was founded after the Second World War to rebuild the Netherlands.
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