ABN AMRO Bank (ABN) investor relations material

Macroeconomic and regulatory environment

• Dutch budget developments pose no new risks to capital or earnings, with banking and corporate taxes stable and wealth tax changes postponed.

• Dutch debt-to-GDP remains low, and government initiatives to boost housing supply are expected to support mortgage business.

• The market is seen as rational, with deposit competition present but not aggressive, and customer loyalty remains high.

Strategic progress and integration

• NIBC acquisition closed, with legal merger expected pre-summer 2027; integration roadmap progressing well.

• Return on invested capital from NIBC is around 18%, enhancing deposit and mortgage capabilities.

• Focus remains on bolt-on acquisitions within core geographies and business mix.

Financial performance and guidance

• Profit up 30%, ROE above 12%, and CET1 ratio above 15% even with 100% payout.

• Cost reduction ahead of plan: 50% of FTE reduction target and €300m of €900m cost savings already achieved.

• RWA optimization delivered €9bn relief, with further benefits expected from mortgage floor removal.

• Net interest income guidance upgraded by €250m, driven by improved forward rate curves and stable liability margins.