reports
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
Bank Brunch/ABN AMRO and NIBC, Tier 2 supply, Fed moves on Basel endga...
ABN AMRO takes over NIBC with substantial spread convergence. EUR Tier 2 supply unlikely to break another record next year. Fed reaches agreement on part of Basel endgame. Bank for International Settlements on the impact of different digital currencies
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
Bank Brunch/ABN AMRO and NIBC, Tier 2 supply, Fed moves on Basel endga...
ABN AMRO takes over NIBC with substantial spread convergence. EUR Tier 2 supply unlikely to break another record next year. Fed reaches agreement on part of Basel endgame. Bank for International Settlements on the impact of different digital currencies
- ING Helpdesk
Benelux Morning Notes
ABN Amro: 3Q mixed, NIBC M&A good value for money. Adyen: CMD highlights – confident on long-term growth Belgian Telecoms: Digi Belgium raises €104.5m in capital, after €80m capital increase in July. CM.com: Raises €5m through private placement. Recticel: Peer Rockwool's 3Q25 trading update. Zabka: Potential bidder for Carrefour Romania. Events Calendar
- Livio Luyten
Quest for Growth Pivot to Underperforming VC portfolio undermines our ...
Quest for growth has decided to reduce its exposure to public equity in favour of private equity. The announced €18.7m capital reduction will be financed by selling part of the quoted portfolio. This also shrinks the already small €137m NAV, and defeats the purpose of a listed holding that should be compounding. We believe this reduces the investment case for QfG as it cuts (retail) investors access to an experienced investment team with a public equity track record. The listed portfolio deliver...
- Guy Sips
- Hilde Van Boxstael
- Thibault Leneeuw
- Thomas Couvreur
- Wim Lewi
ABN AMRO to acquire NIBC Bank
ABN AMRO to acquire NIBC Bank ABN AMRO to acquire NIBC Bank 12 November 2025 Today, ABN AMRO Bank N.V. announces that it has reached agreement with Blackstone to acquire NIBC Bank. With the acquisition, ABN AMRO will add further scale to its retail banking activities, reinforcing its strong position in the Dutch market. Established in 1945, NIBC is a well-managed largely Dutch focused entrepreneurial bank specialised in mortgage lending, saving products, commercial real estate and digital infrastructure lending. NIBC serves approximately 325,000 savings clients, 200,000 mortgage clients...
ABN AMRO kondigt overname NIBC Bank aan
ABN AMRO kondigt overname NIBC Bank aan ABN AMRO kondigt overname NIBC Bank aan 12 november 2025 Vandaag maakt ABN AMRO Bank N.V. bekend dat zij overeenstemming heeft bereikt met Blackstone over de overname van NIBC Bank. Met deze overname breidt ABN AMRO haar retailbankactiviteiten verder uit en verstevigt zij haar sterke positie op de Nederlandse markt. NIBC, opgericht in 1945, is een goed georganiseerde, ondernemende bank die voornamelijk op Nederland is georiënteerd. De bank is gespecialiseerd in hypotheken, spaarproducten, commercieel vastgoed en digitale infrastructuurfinanciering...
ABN AMRO posts net profit of EUR 617 million in Q3 2025
ABN AMRO posts net profit of EUR 617 million in Q3 2025 ABN AMRO posts net profit of EUR 617 million in Q3 2025 12 November 2025 Solid financial performance: Net profit of EUR 617 million and return on equity of 9.5%Continued growth: Mortgage portfolio expanded by EUR 1.8 billion and client assets by EUR 8.6 billion Strategic growth: Acquisition of NIBC Bank further strengthens position in the Dutch retail market Cost discipline: FTEs decreased by 700 in Q3 and by almost 1,000 YTD excluding inclusion of German bank Hauck Aufhäuser Lampe Sound credit quality: EUR 49m in net impairment rele...
ABN AMRO rapporteert nettowinst van EUR 617 miljoen in Q3 2025
ABN AMRO rapporteert nettowinst van EUR 617 miljoen in Q3 2025 ABN AMRO rapporteert nettowinst van EUR 617 miljoen in Q3 2025 12 november 2025 Solide financiële prestaties: Nettowinst EUR 617 miljoen en rendement op eigen vermogen 9,5%Aanhoudende groei: Hypotheekportefeuille gegroeid met EUR 2,1 miljard, zakelijke leningen met EUR 2,1 miljard (inclusief EUR 1,7 miljard van HAL) en netto nieuw vermogen bij Wealth Management met EUR 4,3 miljardStrategische groei: Overname van NIBC Bank versterkt onze positie op de Nederlandse retailmarkt verderKostendiscipline: Aantal fte’s afgenomen met 7...
- Hilde Van Boxstael
- Jacob Mekhael
- Livio Luyten
- Michiel Declercq
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Thomas Couvreur
ABN Amro CMD expectations sky high, leaving limited room for positive ...
ABN Amro has had a tremendous run this year. There is a very positive story to tell about ABN Amro, underpinned by a number of solid management actions taken this year. Note that we even included the stock in our Dynamic Top Picks List at the start of the year. However, we believe the market is frontloading a lot of the value already in today's share price. Expectations for the November 25th capital markets day are very high, to the extent it will be hard for ABN to positively surprise. Taking i...
- Guy Sips
- Kristof Samoy
- Livio Luyten
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List Update November: Removing Xior; Adding Aedifica
The tariff war has eased, but with Trump, uncertainty has become a guarantee. While the macro-economic impact has been limited so far, the prolonged situation could still result in significant and long-lasting economic damage. We are maintaining a defensive stance in our Benelux Dynamic Top Pick List. The Federal Reserve (FED) has started its easing cycle, but the final amount of interest rate cuts is uncertain. The European Central Bank (ECB) has now largely completed its interest rate cutting ...
- ING Helpdesk
Benelux Morning Notes
Azelis: Appointment of Boris Cambon-Lalanne as group CFO. Belgian Telecoms: Price increase on most of the non-commercialised products and Scarlet trio. D'Ieteren: Belgian October car registrations down 7%, VW down 20%. Kendrion: Results preview; launching share buyback programme. Kinepolis: Acquires US movie theatre chain Emagine Entertainment for US$105m. Kinepolis: October box office in US/Canada and France attendance drop again. Ontex: Branded activity now fully divested. Philip...
- Hilde Van Boxstael
- Jacob Mekhael
- Livio Luyten
- Michiel Declercq
- Thibault Leneeuw
- Wim Lewi
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Kristof Samoy
- Livio Luyten
- Lynn Hautekeete
- Thomas Couvreur
- Wim Hoste
- Livio Luyten
Quest for Growth €1/Share capital return and strategic reset
Quest for Growth announced a strategic reorientation to refocus on its core mission of investing in unquoted growth companies and successful quoted small caps. The Board proposes a €18.7 million capital reduction, distributing €1 net per share to shareholders without cancelling shares, funded by existing cash and the sale of large-cap positions. This move is said to aim to sharpen the fund's profile as a pure growth specialist. The strategy maintains focus on three pillars: Digital, Health, and ...
- Carole Braudeau
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MTX MTU AERO ENGINES AG
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- ING Helpdesk
Benelux Morning Notes
Aalberts: 3Q in line, FY margin now low end of guidance. Acomo: Going from strength to strength. Ahold Delhaize: New $860m distribution centre for Food Lion. Azelis: Weak 3Q25 as broadly expected, CFO to step down. Barco: Press release ahead of CMD. BE Semiconductor Industries: 3Q25 Results – Delivered on order intake. Econocom: 3Q25 organic growth down to c.3.4%, full year growth guidance confirmed. Heineken: EverGreen 2030. Kinepolis: Weak 3Q25 as expected, with Netherlands at ...
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