ABN AMRO completes acquisition of NIBC

Strengthening the mortgage and savings portfolio

The acquisition is fully aligned with ABN AMRO’s strategy. Together, NIBC and ABN AMRO will increase the scale of ABN AMRO’s position in the Dutch mortgage market, while also enhancing its presence in the savings markets of the Netherlands, Germany and Belgium. In addition, the transaction will further reinforce the bank’s geographic position in key client segments, including corporate banking across its European footprint. The acquisition of NIBC also supports ABN AMRO’s streamlined brand strategy with its focus on its core brands, adding the strong NIBC brand to its mortgage portfolio and combining NIBC’s savings business with ABN AMRO challenger BUX.

Established in 1945, NIBC is an entrepreneurial bank with a strong focus on the Dutch market and, specialising in mortgage lending, savings products, commercial real estate and digital infrastructure lending. NIBC serves approximately 325,000 savings clients, 200,000 mortgage clients and 175 corporate clients all within ABN AMRO’s North-west European footprint.

Marguerite Bérard, CEO of ABN AMRO, commented: “We are very pleased to have achieved this important milestone. I am delighted to welcome NIBC employees as our colleagues. With NIBC officially part of the ABN AMRO family, we are in an excellent position to keep growing together. We will strive to deliver long-term value for our clients, colleagues and shareholders. Clients will benefit from the scale, stability and trust of ABN AMRO, supporting their ambitions for the years ahead.”

Annerie Vreugdenhil, Chief Commercial Officer Personal & Business Banking at ABN AMRO, said: “We very much look forward to welcoming NIBC’s clients and colleagues. This combination creates greater client value through our combined propositions and broader access to services, while maintaining NIBC’s entrepreneurial approach. By bringing together the strengths of both organisations, we can continue to provide reliable, high-quality services that our clients trust.”

Nick Jue, CEO of NIBC: “Today’s closing marks a significant milestone in the long history of NIBC. We are proud to become part of ABN AMRO and look forward to contributing our expertise and entrepreneurial spirit. This transaction creates opportunities for our clients and colleagues to benefit from greater scale and broader capabilities, supporting continued high-quality service and stability. As we embark on the next phase, our focus remains on continuity and care for our clients. I would also like to thank Blackstone for its support and partnership during an important period in NIBC’s history.”

Enhancing ABN AMRO’s profitability

ABN AMRO has agreed to acquire NIBC from Blackstone for a consideration of 0.85 times book value, based on NIBC’s shareholders’ equity as of the closing date. The estimated transaction price of €875 million is subject to a closing settlement. The acquisition is expected to enhance ABN AMRO’s profitability. The impact of the acquisition on ABN AMRO’s CET1 ratio at Q3 results is expected to be around 70-75 basis points.

NIBC will be consolidated as of 1 August 2026 and reflected in ABN AMRO’s Q3 financials.

Next steps

Following the completion of the acquisition Choy van der Hooft-Cheong, Chief Commercial Officer Wealth Management at ABN AMRO, Ferdinand Vaandrager, Chief Financial Officer of ABN AMRO and Gitte van Haaren-Isbouts, Chief Executive Officer of ABN AMRO Hypotheken Groep, have joined the NIBC’s Supervisory Board with immediate effect.

Now that NIBC is a wholly-owned subsidiary of ABN AMRO, the next phase will begin, consisting of preparing for a legal merger and subsequent integration. Legal merger is subject to approval by the relevant regulators and advice from the Works Council.