ABN AMRO has struck a €960m deal to acquire Blackstone-owned NIBC Bank, in a move that cements its position as one of the dominant players in the Dutch retail and mortgage banking market.

The deal, based on a multiple of 0.85 times NIBC’s book value, will expand ABN AMRO’s retail and commercial banking footprint and strengthen its position in the Dutch mortgage and savings markets. Completion is expected in the second half of 2026, pending regulatory approvals and works council consultations.

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

ABN AMRO said the acquisition will generate a return on invested capital of approximately 18% by 2029 and will have an estimated 70 basis-point impact on its CET1 ratio at closing.

“The acquisition of NIBC represents a unique opportunity to further strengthen our position in the Dutch retail market and contributes to profitable growth,” said ABN AMRO CEO Marguerite Bérard. “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.”

NIBC CEO Nick Jue said the deal marks “an exciting milestone” for the 80-year-old bank. “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,” he said.

Blackstone, which acquired NIBC in 2020, will fully exit its position following the sale. Qasim Abbas, Head of Tactical Opportunities International at Blackstone, said the firm was “proud to have joined NIBC on this journey in creating a stronger, more resilient bank.”

As part of the transaction, ABN AMRO will retire its Moneyou mortgage brand to focus on its core labels, ABN AMRO and Florius, and may integrate NIBC’s mortgage business into its future portfolio.

The acquisition will also expand ABN AMRO’s presence in the Dutch, German, and Belgian savings markets, with potential for synergies through its digital investment partnership with BUX.

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