Wednesday 28 July 2021

2015 may be a good moment for ABN Amro flotation: CEO Zalm

ABN Amro chief executive Gerrit Zalm sees early 2015 as a good time to float ABN Amro on the stock exchange ‘if [the economy] really starts to grow this year and that is translated into figures’.

However, Zalm told parliament’s finance committee on Wednesday that no one would be hurt if the stock exchange launch takes place later and finance minister Jeroen Dijsselbloem is at liberty to delay a decision.

The cabinet said at the end of August the nationalised bank had a year to get ready for a listing. However, this will not happen until the financial sector is sufficiently stable, the company is ready and there is enough interest in the market, prime minister Mark Rutte said at the time.

ABN Amro was nationalised in 2008

The cabinet estimates a flotation could raise €15bn. According to the Financieele Dagblad, the state has invested €29bn in keeping ABN Amro afloat, which would mean taking a considerable loss.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.