# Higher interest rates boost ABN Amro profit by over 50%

> ABN Amro, the Dutch bank, raised its profit by more than 50% last quarter, and its chief executive says the Dutch economy remained resilient.

Economy · published 2026-11-11 08:29 · https://nlnow.nl/a/abn-amro-profit-jumps-more-than-50-on-higher-interest-rates/

ABN Amro increased its profit by more than 50% in the last quarter.

The bank benefited mainly from the rise in interest rates.

Chief executive Marguerite Bérard noted that the Dutch economy remained "resilient" (veerkrachtig).

A large reorganisation is also part of the picture. Around 5,000 jobs are being cut over several years, and almost half have already gone. The bank says it is on course to reach that goal in 2028.

Unions are very disappointed with the bank's latest pay offer and are pointing to the rising profit to make their case. The collective labour agreement (cao) expired last summer. Talks on a new one resume next week.

ABN Amro wants staff to be in the office at least half the time under the new agreement.

The Dutch state, a shareholder in the bank, is reducing its stake from about 20% to about 10% in the coming period.

## Background

- **ABN Amro**: ABN AMRO is a Dutch bank headquartered in Amsterdam, offering retail, private and corporate banking services in the Netherlands and abroad. Its shares are listed on the Amsterdam stock exchange (Euronext Amsterdam). Because it is one of the large banks in the Dutch market, its quarterly results are widely reported and are often read as a signal of how the Dutch banking sector is doing.

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