ABN AMRO to sell portfolio of TCF loans
Press release
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ABN AMRO is set to sell a portfolio of Trade & Commodity Finance (TCF) loans with a total volume of around 0.9 billion euros.
The clients involved in this transaction have given their consent for the transfer. The sale brings ABN AMRO a step closer to full withdrawal from trade and commodity financing globally, as announced in August 2020. Following this transaction, around 70% of the initial TCF exposure will have been wound down.
The transaction will have a limited impact on profit and loss results of the bank and a net positive impact on capital ratios.