ABN Amro to cut 5k jobs, sell loans arm in profitability drive
By Benjamin Chiou
Date: Tuesday 25 Nov 2025
(Sharecast News) - Dutch banking group ABN Amro has announced plans to cut more than 5,000 full-time jobs and sell its personal loan business as part of restructuring plans to shore up profitability over the coming years.
The lender said it is attempting to "right-size" its cost base, including a net headcount reduction of 5,200 full-time equivalent roles by 2028, compared with 2024.
Chief executive Marguerite Bérard called it a "bold strategy for ABN AMRO's next chapter", focused on sustainable and profitable growth, and delivering greater value for shareholders.
"While these ambitions will shape our actions and investments in the coming years, I understand that changes to our cost base, especially reducing FTEs, bring uncertainty for our colleagues. We are fully committed to supporting everyone affected with a robust social plan, offering financial support and assistance in finding new opportunities," Bérard said.
ABN Amro is targeting a return on equity of at least 12% by 2028, along with income over €10bn and a CET1 capital ratio of above 13.75%, aiming to distribute up to 100% of capital generated from 2026 to 2028.
As part of the plans, the bank is selling its fully owned personal loans subsidiary Alfam to Rabobank for an undisclosed amount - a move that will improve the CET1 ratio by 5 basis points and reduce risk-weighted assets by €1.2bn.
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