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Dutch bank ABN Amro to cut 5,200 jobs by 2028

Published by Global Banking & Finance Review

Posted on November 25, 2025

1 min read

· Last updated: January 20, 2026

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Dutch bank ABN Amro to cut 5,200 jobs by 2028
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(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

ABN Amro Announces 5,200 Job Cuts by 2028 for Cost Efficiency

(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)

Key Takeaways

  • ABN Amro will cut 5,200 jobs by 2028.
  • The bank aims to focus on its mortgage business.
  • Alfam personal loan business sold to Rabobank.
  • Corporate bank assets to be reduced by 10 billion euros.
  • Cost-cutting measures are a primary focus.

Frequently Asked Questions

What is a job cut?
A job cut refers to the reduction of workforce by an employer, often due to financial constraints or restructuring efforts.
What is a corporate bank?
A corporate bank provides financial services to corporations, including loans, treasury services, and risk management.
What are risk-weighted assets?
Risk-weighted assets are a bank's assets weighted by credit risk, used to determine the minimum capital requirements.
What is cost-cutting?
Cost-cutting involves reducing expenses to improve profitability, often through layoffs, reducing operational costs, or selling assets.

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