Core Viewpoint - ABN Amro is implementing a significant restructuring plan that includes cutting 5,200 full-time positions by 2028 to reduce costs and refocus on core business activities [1][2] Group 1: Job Cuts and Financial Objectives - The planned job cuts will impact over 20% of ABN Amro's workforce across all divisions, including recently acquired entities [1] - The bank aims for a return on equity of at least 12%, a cost-to-income ratio below 55%, income exceeding €10 billion ($11.57 billion), and a CET1 capital ratio above 13.75% by 2028 [2] Group 2: Strategic Focus and Capital Allocation - ABN Amro plans to reduce capital allocation to its corporate bank to around 50% while enhancing its Dutch retail banking position through digital initiatives and investments in brands like Tikkie and BUUT [3] - The bank is simplifying its organizational structure and modernizing its technology infrastructure [3] Group 3: Long-term Ambitions and Market Position - The CEO emphasized a strategy focused on sustainable and profitable growth in Northwest Europe, aiming to strengthen its position in Dutch retail banking and become a top-five private bank in Europe [4] - Supporting family wealth and businesses is a priority, alongside driving growth in key European transitions such as digitalization, energy, mobility, and defense [5] Group 4: Sale of Personal Loan Subsidiary - ABN Amro has agreed to sell its personal loan subsidiary Alfam to Rabobank, which is expected to improve its CET1 capital ratio by around five basis points and reduce risk-weighted assets by approximately €1.2 billion [6] - The transaction is anticipated to close in the third quarter of 2026, subject to regulatory and works council approval [6] Group 5: Leadership Stability - The bank's leadership team is expected to remain stable, with plans to nominate three chief commercial officers for a second four-year term, pending necessary approvals [7]

Financial Targets & Growth Strategy - The company aims for a Return on Equity (ROE) greater than 12% by 2028 [5, 79] - The company targets a Cost/Income (C/I) ratio of less than 55% by 2028 [5, 79] - The company aims to achieve an income greater than €10 billion by 2028 [5, 79] - The company targets a CET1 ratio greater than 13.75% [5, 79] - The company plans to allocate approximately 50% of its capital to the Corporate Bank, excluding Clearing [5, 79] Cost Reduction & Efficiency - The company plans to reduce FTEs (Full-Time Equivalents) by 5,200 by 2028 [42] - The company aims to reduce its cost base to around €5.5 billion by 2028 [210] - The company expects to realize approximately €900 million in gross cost savings between 2024 and 2028 [204] Business Expansion & Capital Allocation - The company aims to grow client assets in Wealth Management to over €335 billion by 2028 [35, 71, 135, 191] - The company plans to allocate approximately €1 billion in capital for NIBC, expecting a return on invested capital (RoIC) of around 18% [69, 119] - The company intends to generate at least €7.5 billion of capital over the period 2026-2028 [51, 52, 234]