Finance
Dutch bank ABN Amro to cut 5,200 jobs by 2028
Published by Global Banking & Finance Review®
Posted on November 25, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 25, 2025
1 min readLast updated: January 20, 2026
ABN Amro plans to cut 5,200 jobs by 2028, focusing on cost-cutting and its mortgage business. The bank will sell Alfam to Rabobank and reduce corporate assets.
(Reuters) -ABN Amro plans to cut 5,200 jobs by 2028, it said on Tuesday ahead of its capital markets day, as the Dutch bank seeks to deliver on its cost-cutting promises and focus on its mortgage business.
The lender also announced the sale of its personal loan business Alfam to domestic peer Rabobank, and said it would trim its risk-weighted assets in the corporate bank division by 10 billion euros ($11.5 billion) over the next three years.
($1 = 0.8684 euros)
(Reporting by Jakob Van Calster in Gdansk, editing by Milla Nissi-Prussak)
A job cut refers to the reduction of workforce by an employer, often due to financial constraints or restructuring efforts.
A corporate bank provides financial services to corporations, including loans, treasury services, and risk management.
Risk-weighted assets are a bank's assets weighted by credit risk, used to determine the minimum capital requirements.
Cost-cutting involves reducing expenses to improve profitability, often through layoffs, reducing operational costs, or selling assets.
Explore more articles in the Finance category
