ABN AMRO completes legal merger of Hauck Aufhäuser Lampe
Germany becomes ABN AMRO’s second-largest market with ~2,000 employees; Wealth Management as Bethmann HAL, Corporate Banking and Asset Servicing as ABN AMRO; AUM target €100bn by 2030.
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Dutch retail, corporate, and private bank
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In short: ABN AMRO reported a €693 million quarterly profit, completed a major German merger, and advanced its €250 million share buyback programme.
Germany becomes ABN AMRO’s second-largest market with ~2,000 employees; Wealth Management as Bethmann HAL, Corporate Banking and Asset Servicing as ABN AMRO; AUM target €100bn by 2030.
Net profit rose 12% year-on-year; return on equity was 10.7%. Mortgages grew €2.0 billion and cost guidance was lowered to around €5.5 billion.
The funding supports expansion of geothermal power and lithium production at sites in Cornwall, UK. It enables growth in these sectors and follows similar financing in Germany.
The AGM approved €0.70 per share final dividend and €0.3048 per share additional dividend. Ex-dividend date is 24 April 2026.
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