Archive · 25 Nov 2025
ABN Amro Plans 5,200 Job Cuts by 2028
ABN Amro, a big bank in the Netherlands, is planning to cut 5,200 jobs by 2028.
The new boss, Marguerite Berard, wants to make the bank more profitable.
She plans to do this by reducing costs, improving how the bank uses its money, and making some big changes.
The bank already cut about 1,000 jobs this year.
They also bought another bank, NIBC, to grow their business.
The bank's stock has gone up a lot this year.
They want to make more money and be one of the top private banks in Europe.
ABN Amro plans to cut 5,200 jobs by 2028 to boost profitability.
The bank aims to achieve a return on equity of at least 12% by 2028.
Approximately half of the job cuts will be due to attrition.
ABN Amro recently acquired NIBC Bank for €960 million to expand its presence in the Netherlands.
The bank's shares have increased by nearly 80% so far this year.
- Who
- ABN Amro NV, a Dutch bank
- What
- Plans to cut 5,200 jobs by 2028
- When
- By 2028, with significant reductions expected by 2026
- Where
- Amsterdam, Netherlands
- Why
- To boost profitability, reduce costs, and improve competitiveness
- Bank
- ABN Amro NV
- Job Cuts
- 5,200
- Timeframe
- By 2028
- Current Employees
- 22,000 full-time staff and 3,670 external contractors (as of 2024)
- CEO
- Marguerite Berard
- Profitability Target
- Return on equity of at least 12% by 2028
- Cost-to-Income Ratio Target
- Below 55% by 2028
- Recent Acquisition
- NIBC Bank from Blackstone Inc. for €960 million
- Stock Performance
- Shares up nearly 80% this year