Dutch state reduces stake in ABN AMRO to around 30%
The Dutch government has lowered its stake in ABN AMRO to below one-third, aligning with the plan unveiled in October 2024.
Last year, NLFI, which manages the interests of the Dutch state in the bank, revealed plans to trim its holding in the bank to almost 30% from 40.5%.
Following the stake reduction, NLFI's rights within the relationship agreement will be altered, although the agreement itself will continue to be in effect.
The strategy to divest its shares has been implementing since early 2023, reported Reuters.
The decrease from the previous 40.5% holding means NLFI will no longer have prior approval rights over certain decisions.
It includes the issuance of new shares or the approval of investments or divestments by ABN AMRO or its subsidiaries that represent more than 10% of the bank's equity.
ABN AMRO was nationalised in 2008 and subsequently re-privatised in 2015.
In Q1 2025, ABN AMRO disclosed a net profit of €619m, down by 8% from €674m in the same quarter of the previous year.
The bank's operating income was €2.14bn in Q1 2025, a decrease of 2% from €2.19bn in the Q1 2024. However, operating expenses rose 4% year-on-year.
Meanwhile, in 2024, ABN AMRO went live on nCino's Cloud Banking Platform.
The bank is using nCino across its corporate lending business, and for collateral management across all its business lines.
"Dutch state reduces stake in ABN AMRO to around 30% " was originally created and published by Retail Banker International, a GlobalData owned brand.
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