The deal, expected to close in the second half of 2026, aims to enhance ABN Amro’s profitability and deliver a return on invested capital of around 18%.
Following the announcement, ABN Amro’s shares rose by 3.4% as analysts from ING described the move as a “good value for money deal,” provided the bank executes efficiently and manages costs effectively.
The bank also reported third-quarter earnings that exceeded expectations, driven partly by the release of provisions for bad loans that were no longer needed. Although net profit dropped 11% year-on-year to 617 million euros ($720 million), it surpassed analysts’ forecast of 589 million euros.
Operational expenses were higher than anticipated due to the integration of staff from Germany’s Hauck Aufhäuser Lampe bank, bringing ABN’s workforce to nearly 26,000 employees. The lender now targets total expenses between 5.4 and 5.5 billion euros in 2025, slightly below market forecasts.
ABN Amro plans to focus more on its primary mortgage brands, with its Dutch mortgage market share rising to 19%, up by 2.1 billion euros during the quarter.
