Dutch lender ABN AMRO Bank N.V. raised its 2026 commercial net interest income outlook after third-quarter net profit rose to €940 million, with NIBC Bank N.V.’s contribution and a purchase gain lifting the result.
Net profit compares with €617 million in the year-earlier quarter and €781 million in the second quarter. Net interest income increased 15% from a year earlier to €1.822 billion. The lender cited higher customer deposits and stronger deposit margins, along with income from NIBC.
ABN AMRO began consolidating NIBC on Aug. 1. The business accounted for €63 million of third-quarter net interest income and €7 million in fees. The €85 million bargain purchase gain was recorded in other operating income and is non-taxable. ABN AMRO said the amount is preliminary because its purchase-price allocation is incomplete.
The rate backdrop also supported interest income, according to ABN AMRO. The European Central Bank raised its deposit facility rate by 25 basis points to 2.50%, effective Sept. 16. Management now expects commercial net interest income to top €6.9 billion for 2026, while its cost forecast remains €5.5 billion.
At Sept. 30, the Common Equity Tier 1 (CET1) capital ratio on a pro forma basis was 15.3%, down from 15.9% at June 30. ABN AMRO said the acquisition increased risk-weighted assets, accounting mainly for the decline. It also reported €11 million in net impairment releases for the quarter.
A Nov. 4 court ruling concerning how contributions to the Single Resolution Fund (SRF) are calculated resulted in a €44 million pretax expense. ABN AMRO estimated the after-tax effect at about €33 million and said the final amount depends on recalculation by the Single Resolution Board (SRB); it expects partial reimbursement. The quarterly figures have not been audited or reviewed by the bank’s external auditor.
CEO Marguerite Bérard said, “we will update our targets next quarter.” ABN AMRO has scheduled its fourth-quarter results for Feb. 10, 2027.
