ABN Amro Acquires NIBC Bank in €960m Deal from Blackstone
2 min read
ABN Amro has reached an agreement with global asset manager Blackstone to acquire Dutch lender NIBC Bank for approximately €960 million, marking one of the largest banking-sector transactions announced in Europe this year. The deal comes as Blackstone has reportedly been seeking buyers for NIBC since 2023, after acquiring the bank for around €1 billion in 2020.
Under the terms of the agreement, NIBC is valued at 0.85 times its book value based on shareholders’ equity at closing. The acquisition remains subject to regulatory and competition approvals, and both parties expect completion in the second half of 2026.
Founded in 1945, NIBC is led by CEO Nick Jue and operates across retail and corporate banking segments. The bank maintains relationships with around 325,000 savings clients, 200,000 mortgage customers, and 175 corporate clients. Its operations span mortgage lending, savings products, commercial real estate financing, and digital infrastructure lending. NIBC currently employs more than 700 staff.
ABN Amro expects the acquisition to strengthen its position in the Dutch, German, and Belgian savings markets while broadening its retail customer base. The bank projects an 18% return on invested capital by 2029 and says the deal fits its growth strategy, including exploring potential synergies with its investment platform Bux.
ABN Amro CEO Marguerite Bérard, who assumed the role in April 2025, described the acquisition as a milestone aligned with the bank’s three-part strategy focused on profitable growth, cost optimisation, and capital efficiency. This is her first acquisition since taking office.
In parallel with the NIBC deal, ABN Amro has conducted a review of its mortgage brand architecture. The bank says it will consolidate its focus around its core mortgage brands -ABN Amro and Florius while discontinuing the Moneyou brand. Moneyou’s Dutch and German online savings activities were wound down in 2020, but its mortgage operations continued until now. The restructuring creates opportunities to integrate NIBC’s mortgage activities into ABN Amro’s broader lending portfolio.
The bank also announced plans to merge its residential mortgage subsidiary, ABN Amro Hypotheken Groep BV, into the parent company, ABN Amro Bank NV, in an effort to enhance operational efficiency and streamline its mortgage offering.
About The Author
