The lender also announced the sale of its personal loan business Alfam to domestic peer Rabobank, and said it would trim its risk-weighted assets in the corporate bank division by 10 billion euros ($11.5 billion) over the next three years. The deal is expected to have a positive effect of 5 basis points on ABN Amro’s Common Equity Tier 1 ratio, a core measure of a bank’s capital strength, despite an expected book loss of around 100 million euros, it said.
As part of its 2028 roadmap, ABN Amro aims to achieve a return on equity of at least 12% and to distribute up to 100% of capital generated to shareholders between 2026 and 2028. It also targets income above 10 billion euros and a CET1 ratio exceeding 13.75%.
“Our focus is on sustainable and profitable growth in Northwest Europe,” CEO Marguerite Berard said in a press release.
Tuesday’s investor event is the first under Berard, who was appointed in early 2025. Since then, she has brought cost-cutting and a focus on the group’s core businesses to the top of her agenda.