Dutch state now holds a 30.5% stake in ABN AMRO

Dutch state now holds a 30.5% stake in ABN AMRO

The Dutch government has significantly increased its ownership in ABN AMRO Bank N.V., acquiring a 30.5% stake in the financial institution. This development was announced during the General Meeting of Shareholders held on April 23, 2025, at ABN AMRO's head office in Amsterdam.

The meeting, attended by shareholders and depositary receipt holders both in person and virtually, featured key updates from the Executive Board and the Supervisory Board. The Dutch government's acquisition of the additional stake represents a strategic move aimed at bolstering the financial stability and resilience of the Dutch banking sector.

ABN AMRO has been performing well in recent years, achieving robust financial results despite global economic uncertainties. In 2024, the bank reported a net profit of €2.4 billion and an attractive return on equity of 10.1%, slightly exceeding its 2026 targets. The bank's net interest income reached €6.5 billion, and its mortgage portfolio grew by over €5 billion, with a significant increase in market share for new mortgage production.

The Dutch government's increased stake in ABN AMRO underscores its commitment to supporting the financial sector and ensuring public trust in the bank. This move is part of a broader strategy to enhance the bank's capital position and enable it to grow without excessive capital investment. The acquisition is expected to provide ABN AMRO with the necessary financial backing to continue its strategic initiatives and maintain its leadership position in the banking sector.

The General Meeting also highlighted the importance of ongoing collaboration and integration within Europe to address uncertainties and foster innovation. The bank's focus on sustainability and digital transformation was emphasized, with a particular emphasis on assisting customers in making their businesses more sustainable.

ABN AMRO's robust performance and the Dutch government's strategic investment position the bank well for future growth and resilience. The increased stake is a testament to the bank's strong financial health and its role as a key player in the Dutch and European financial landscape.

References:
[1] https://www.marketscreener.com/news/abn-amro-bank-n-draft-minutes-agm-23-april-2025-english-draft-minutes-agm-20250423-ce7c5cdfd18ef42d