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

Management and succession planning

• Succession for the CEO role is led by the Supervisory Board, with a new appointment expected in the first half of next year.

• Board strength is being enhanced, with a new Chief Risk Officer recently appointed.

• Business operations remain stable during the transition, with the outgoing CEO staying until a successor is found.

Growth strategy and M&A

• Focus remains on organic growth in existing markets, especially in wealth management.

• Inorganic growth is considered if acquisitions fit strategic, financial, and integration criteria.

• Recent acquisition in Germany nearly doubled presence and is expected to deliver a 15% return on invested capital.

• EUR 60 million in run-rate synergies are anticipated from the German acquisition.

• Expansion in France and Belgium is possible if suitable opportunities arise.

Mortgage and deposit trends

• Mortgage market volume grew 25% this year, with a 50% increase and 19% market share achieved.

• Sustained demand is driven by structural property undersupply in the Netherlands.

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

• Deposit migration has stabilized, with no major changes in competitive behavior or pricing.

• Shorter rates coming down will impact replicating portfolio, but treasury results provide a buffer.