The merger, which appears not to cover areas such as wealth management, covers markets in the Netherlands, Belgium and Germany.

ABN AMRO has said today that it has completed its purchase of fellow Dutch bank NIBC. The acquisition agreement was initially announced in November 2025.  The bank was bought from Blackstone for a consideration of 0.85 times book value, based on NIBC’s shareholders’ equity as of the closing date: an estimated €875 million (about $1.0 billion) transaction price. That price is subject to a closing settlement. 

The merger will increase the scale of ABN AMRO’s position in the Dutch, Belgian and German mortgage and savings markets, ABN AMRO said in a statement. 

The acquisition also supports ABN AMRO’s “streamlined brand strategy with its focus on its core brands,” it said. Among other details, NIBC’s savings business will be combined with ABN AMRO challenger BUX.

Established in 1945, NIBC has a strong focus on the Dutch market and specialises in mortgage lending, savings products, commercial real estate and digital infrastructure lending. NIBC serves about 325,000 savings clients, 200,000 mortgage clients and 175 corporate clients within ABN AMRO’s North-west European footprint. 

The bank said the acquisition will enhance ABN AMRO’s profitability. The purchase will have a 70 to 75 basis points impact on ABN AMRO’s Common Equity Tier 1 capital ratio in its third-quarter 2026 financial results.

NIBC will be consolidated as of 1 August 2026; this will show itself in ABN AMRO’s third-quarter financial results.

ABN AMRO will report second-quarter financial results on 12 August.

C-suite moves
Following the completion of the acquisition Choy van der Hooft-Cheong, chief commercial officer for wealth management at ABN AMRO, Ferdinand Vaandrager, chief financial officer of ABN AMRO, and Gitte van Haaren-Isbouts, chief executive officer of ABN AMRO Hypotheken Groep, have joined the NIBC’s supervisory board with immediate effect.

Now that NIBC is a wholly owned subsidiary of ABN AMRO, the next phase will begin; a legal merger and subsequent integration will be prepared. The legal merger requires approval by the relevant regulators and advice from the Works Council.