ABN AMRO to centralise certain international asset based financing activities

News article
Article tags:
  • About us
  • United Kingdom
  • Investor Relations

Today, ABN AMRO announced changes to its Asset Based Financing organisation (ABF) in the UK and Germany, as part of the bank’s Northwest Europe strategy.

Following a review of ABF’s activities, the bank has taken the decision to materially reduce the international footprint of its ABF division. This will be accompanied by an orderly wind down of non-strategic client portfolios, especially in the UK, and a reorganisation in Germany. This strategic alignment aims to strengthen the position of the bank and ensure long-term profitability.

Going forward, ABN AMRO and its Corporate Banking client unit will continue the strategic efforts to invest and grow in client segments in Northwest Europe. There is a focus on finance and advisory in our transition themes New Energy, Mobility and Digital. As a personal bank in the digital age ABN AMRO offers a value-adding relationship, aiming to be the go to Corporate Bank for our clients.

The orderly wind-down and reorganisation of ABF is expected to benefit the CET1 capital ratio and the return on equity in due course and the majority of the changes are expected to be finalized end of 2026.

The decision is subject to the approval of the competent regulatory authorities as well as to applicable procedures concerning the employees involved.