Overview
- The price is set at 0.85 times NIBC’s share capital book value with an estimated consideration of roughly €960 million subject to closing adjustments.
- ABN AMRO positions the acquisition as a scale play in mortgages and savings across the Netherlands and Northwest Europe with expected synergies.
- Management guides to a return on invested capital of around 18% by 2029 and estimates an approximately 70 basis-point impact on the CET1 ratio at completion.
- Brand changes include ending the Moneyou label, continuing with ABN AMRO and Florius, and potentially adding NIBC’s mortgage brand.
- Planned integration measures include a legal merger of ABN AMRO Hypotheken Groep into the bank, broader savings reach in the Netherlands, Germany and Belgium, and exploration of synergies via a potential combination with the BUX platform.