ABN AMRO Bank (ABN) JP Morgan European Financials Conference summary

Management and succession planning

• Supervisory Board is leading the CEO succession process, with a new leader expected in the first half of next year; business continues as usual until then.

• Board has been strengthened with a new Chief Risk Officer, supporting stability during the transition.

Growth strategy and M&A

• Focus remains on organic growth in wealth management, but bolt-on acquisitions are considered if they fit strategy, financial criteria, and integration ability.

• Recent acquisition in Germany nearly doubles presence, targeting a 15% return on invested capital and €60 million in run-rate synergies.

• Expansion in France and Belgium is possible if opportunities align with strategic and financial criteria.

Mortgage and asset growth outlook

• Mortgage market volume up 25% this year, with a 50% increase and 19% market share achieved through operational improvements and multi-channel strategy.

• Sustained demand expected due to structural property undersupply; positive outlook for asset volume growth in 2025.

• Corporate lending growth focused on transition sectors in Northwestern Europe.