The Dutch bank ABN Amro agreed to buy its domestic competitor, NIBC Bank. The seller is the U.S. private equity firm, Blackstone. The deal is valued at about €960 million ($1.11 billion). This purchase equals 0.85 times NIBC’s book value.
This acquisition is ABN Amro’s first major move under new CEO Marguerite Bérard. The bank’s main goal is to strengthen its business in the Dutch retail market. NIBC specializes in several areas. These include mortgage lending, savings products, and corporate lending.
ABN Amro expects the deal to boost its profitability. It projects an 18% return on invested capital by 2029. They also expect to achieve significant cost savings. The acquisition will further expand ABN Amro’s presence in the savings markets of the Netherlands, Germany, and Belgium. Following the announcement, ABN Amro decided to drop its Moneyou mortgage brand. This creates space for the potential inclusion of the strong NIBC mortgage label. The transaction needs regulatory approval. It is expected to close in the second half of 2026.
