ABN AMRO Adds €4.1 Billion in Wealth Assets in Nine Months

Group net profit in the third quarter rose 52 per cent year on year to €940 million, the bank said. Commercial net interest income increased 7 per cent quarter on quarter, and ABN AMRO raised its full-year guidance for the measure to above €6.9 billion. Cost guidance remained unchanged at €5.5 billion. Year-to-date return on equity was 12.5 per cent, the CET1 ratio was 15.3 per cent, and net impairment releases totalled €11 million.

The bank continued to simplify its German wealth operations, selling its real estate investment management portfolio and completing the IT migration of Hauck Aufhäuser Lampe’s wealth management activities. ABN AMRO acquired the German private bank in 2024. Its wealth strategy targets entrepreneurs, women and the next generation, alongside a “dual-client” approach linking business owners’ private and business needs. In Germany, wealth management and clearing teams jointly developed a structure connecting a client’s personal and business assets.

Group results included NIBC, consolidated from 1 August, which added €15 billion in mortgages and €13 billion in savings. ABN AMRO said it had achieved about 46 per cent of its 2028 workforce reduction target. It completed the sale of Alfam on 1 November and the legal merger of ABN AMRO Hypotheken Group in October. On 7 October, the Dutch state announced plans to reduce its stake to 10.5 per cent.

Rival ING posted third-quarter net profit of €1.85 billion, up 3.5 per cent year on year, while fee income rose 9.3 per cent to €1.27 billion. Van Lanschot Kempen recorded €600 million in net inflows at Private Clients Netherlands in the quarter, offset by €100 million in net outflows in Belgium. Its client assets had risen 15 per cent since the end of 2025 to €207.1 billion.