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Equipment Finance News ABN AMRO to centralise asset-based financing activities Published: 27th November 2024 Share Barbara StamCEO of ABN AMRO Asset Based Finance ABN AMRO has announced a strategic realignment of its Asset Based Financing (ABF) operations in the United Kingdom and Germany as part of its broader Northwest Europe strategy. The move reflects the bank’s commitment to strengthening its position in the region while focusing on long-term profitability and sustainable growth. Following a comprehensive review of its ABF division, ABN AMRO has decided to significantly reduce its international footprint. This includes an orderly wind-down of non-strategic client portfolios in the UK and a reorganisation of ABF activities in Germany. These adjustments aim to optimise the bank’s resources and align its efforts with strategic priorities in Northwest Europe. Looking forward, ABN AMRO’s Corporate Banking division will continue to invest in and expand client services, particularly in key transition areas such as new energy, mobility, and digital transformation. The bank anticipates that the restructuring will positively impact its CET1 capital ratio and return on equity over time. Most of the changes are expected to be finalised by the end of 2026. Regulatory approvals and employee consultation processes are underway to ensure compliance and support for the affected stakeholders. Lisa Laverick Editor - Asset Finance Connect Sign up to our newsletter Featured Stories NewsUS equipment finance confidence hits three-year high NewsAlba Leasing and Banca Sistema announce partnership NewsDLL and Kempower partner to drive EV charging accessibility Equipment Finance