ABN AMRO Bank announced that it has reached an agreement with Blackstone to acquire NIBC Bank, marking a significant step in strengthening ABN AMRO’s retail and commercial banking presence in the Netherlands.
Founded in 1945, NIBC is an entrepreneurial Dutch-focused bank specializing in mortgage lending, savings products, commercial real estate, and digital infrastructure financing. The bank serves approximately 325,000 savings clients, 200,000 mortgage clients, and 175 corporate clients across ABN AMRO’s Northwest European footprint.
Under the terms of the agreement, ABN AMRO will acquire NIBC from Blackstone for a consideration of 0.85 times book value based on NIBC’s shareholders equity as of the closing date, with an estimated transaction price of around €960 million, subject to final adjustments. The acquisition is projected to enhance ABN AMRO’s profitability, delivering an expected return on invested capital of approximately 18% by 2029. The overall impact on ABN AMRO’s CET1 ratio at closing is anticipated to be around 70 basis points.
The acquisition will expand ABN AMRO’s scale in mortgage lending and savings products while providing growth opportunities in the Dutch, German, and Belgian savings markets. It will also enable the bank to explore potential synergies, including a possible combination with its investment offering at BUX.
As part of the integration, ABN AMRO has reassessed its mortgage brand strategy and will focus on its core mortgage labels, ABN AMRO and Florius, while discontinuing the Moneyou brand. This adjustment creates room for the inclusion of NIBC’s mortgage label in the group’s brand portfolio. Additionally, ABN AMRO plans to legally merge ABN AMRO Hypotheken Groep B.V. into ABN AMRO Bank N.V. to improve operational efficiency.
Completion of the transaction is subject to regulatory approvals and works council consultations within ABN AMRO and NIBC. The deal is expected to close in the second half of 2026.
KEY QUOTES:
“The acquisition of NIBC represents a unique opportunity to further strengthen our position in the Dutch retail market and contributes to profitable growth. This transaction meets our acquisition criteria and aligns fully with our new strategy. This strategy, which will be presented at the Capital Markets Day on 25 November 2025, is centred around profitable growth, right sizing our cost base and optimising our capital allocation.”
Marguerite Bérard, Chief Executive Officer of ABN AMRO
“We are very happy to have reached this agreement. NIBC is a natural match for ABN AMRO, strengthening our prominent position in the Dutch mortgage market, while also creating significant growth in the bank’s savings business with the addition of affluent retail clients. I’m very much looking forward to welcoming NIBC’s clients and to working with the NIBC team.”
Annerie Vreugdenhil, Chief Commercial Officer of Personal & Business Banking at ABN AMRO
“Today’s announcement marks an exciting milestone in NIBC’s 80-year history and is testimony to our strong client franchises as well as the professionalism and entrepreneurship of our people. By combining our well recognised client proposition and networks with the scale and strength of ABN AMRO, we will be able to provide even greater value to clients. With the natural fit of strategies, cultures and mindset, we are confident in the new opportunities this will create for all our stakeholders.”
Nick Jue, Chief Executive Officer of NIBC
“Working closely with the management team and supervisory board, we are proud to have joined NIBC on this journey in creating a stronger, more resilient bank and wish the team every success moving forward.”
Qasim Abbas, Head of Tactical Opportunities International at Blackstone
