ABN Amro has reached an agreement with asset management giant Blackstone to acquire fellow Dutch lender NIBC Bank for around €960 million. The US asset manager, which purchased NIBC for around €1 billion in 2020, has reportedly been seeking buyers for NIBC since 2023.
The transaction values NIBC at 0.85 times book value based on shareholders’ equity at closing, subject to final adjustments and regulatory approvals. The deal is scheduled to be completed in the second half of 2026.
Founded in 1945 and led by CEO Nick Jue, NIBC operates across multiple segments with approximately 325,000 savings clients, 200,000 mortgage clients, and 175 corporate clients. Employing over 700 staff, the bank provides mortgage lending, savings products, commercial real estate financing, and digital infrastructure lending services.
ABN Amro projects the acquisition will generate an 18% return on invested capital by 2029 while expanding its retail banking operations and strengthening its position across Dutch, German, and Belgian savings markets. The bank says it is also exploring “potential synergies” with its investment platform Bux.
Commenting on her first acquisition since becoming CEO of ABN Amro in April 2025, Marguerite Bérard states, “This transaction meets our acquisition criteria and aligns fully with our new strategy”, centred around “profitable growth, right sizing our cost base and optimising our capital allocation.”
In conjunction with the NIBC deal, ABN Amro says it has “reassessed its mortgage brand strategy”, deciding to “continue to focus on its core mortgage labels, ABN Amor and Florius, and to discontinue the Moneyou brand”. According to the bank, this restructuring creates room for potentially integrating NIBC’s mortgage operations into its existing brand and product portfolio. ABN Amro began phasing out Moneyou’s Dutch and German online savings operations in 2020, retaining only mortgage activities until this decision.
Furthermore, ABN Amro has revealed it plans to merge its Dutch residential mortgage subsidiary, ABN Amro Hypotheken Groep BV, into the parent company, ABN AMRO Bank NV, to “further improve operational efficiency”.
Source: https://www.fintechfutures.com/
