ABN AMRO announces significant risk transfer transaction with Blackstone

Core Insights - ABN AMRO has completed a significant risk transfer transaction with Blackstone, providing first loss protection on a EUR 2 billion portfolio of large corporate loans [1] - The transaction aims to reduce ABN AMRO's risk-weighted assets by EUR 1.6 billion, while offering Blackstone exposure to a diversified portfolio of large corporate clients [2] - This transaction is part of ABN AMRO's strategy to reallocate up to EUR 8 billion in risk-weighted assets through active portfolio management [3] Company Overview: ABN AMRO - ABN AMRO is one of the largest banks in the Netherlands, focusing on personal banking in the digital age and offering sector expertise [4] - The bank operates a Wealth Management unit that is a leading private bank in the Netherlands, Germany, France, and Belgium, and provides banking and advisory services through its Corporate Banking unit [4] Company Overview: Blackstone - Blackstone is the world's largest alternative asset manager, managing over $1.2 trillion in assets across various global investment strategies [5] - The firm aims to deliver compelling returns for institutional and individual investors by strengthening the companies in which it invests [5]