ABN AMRO to Acquire NIBC Bank from Blackstone for €960m, Strengthening Dutch Mortgage and Savings Market

Deal Set to Cement ABN AMRO’s Position as a Key Player in the Netherlands’ Retail Banking Sector

ABN AMRO has secured a €960 million deal to acquire NIBC Bank, owned by US private equity firm Blackstone, in a move that will significantly enhance its standing in the Dutch retail and mortgage banking markets. The acquisition, which is based on a multiple of 0.85 times NIBC’s book value, will expand ABN AMRO’s footprint in retail and commercial banking, bolstering its presence in the Dutch mortgage and savings sectors.

The deal is expected to complete in the second half of 2026, pending regulatory approval and consultations with the works council.

Founded in 1945, NIBC Bank primarily operates in the Netherlands, serving 325,000 savings clients, 200,000 mortgage customers, and 175 corporate clients. The bank’s operations focus on mortgage lending, savings products, commercial real estate, and digital infrastructure finance.

ABN AMRO has stated that the acquisition will provide a return on invested capital of approximately 18% by 2029 and will improve its Common Equity Tier 1 (CET1) ratio by an estimated 70 basis points upon completion.

“This acquisition represents a unique opportunity to further strengthen our position in the Dutch retail market and contributes to our strategy of profitable growth,” said Marguerite Bérard, CEO of ABN AMRO. “We look forward to presenting our strategy, which focuses on driving profitable growth, optimising our capital allocation, and ensuring an efficient cost base, at our Capital Markets Day on 25 November 2025.”

NIBC’s CEO, Nick Jue, welcomed the deal, calling it “an exciting milestone” for the 80-year-old bank. “By combining NIBC’s well-recognised client proposition and networks with the scale and strength of ABN AMRO, we will be able to provide even greater value to our clients,” Jue said.

Blackstone, which acquired NIBC in 2020, will fully exit its position following the completion of the sale. Qasim Abbas, Head of Tactical Opportunities International at Blackstone, remarked that the firm was “proud to have been part of NIBC’s journey in creating a stronger, more resilient bank.”

As part of the transaction, ABN AMRO plans to retire its Moneyou mortgage brand, shifting focus to its core brands, ABN AMRO and Florius. There is also potential for the integration of NIBC’s mortgage business into ABN AMRO’s future portfolio.

The acquisition is also expected to expand ABN AMRO’s presence in the Dutch, German, and Belgian savings markets. Additionally, the deal opens up opportunities for synergies through ABN AMRO’s digital investment partnership with BUX, further enhancing its competitive position across the region.