ABN Amro, which was bailed out by the Dutch government in 2008, could return to private hands by the end of 2015.
NL Financial Investments, the body which manages the Dutch government’s stakes in bailed-out financial institutions, confirmed that it has secured the approval from the Dutch and European regulators to list the bank, which has a book value of EUR15.6bn ($17.25bn).
NL Financial added that it could launch an initial public offering (IPO) as early as the fourth quarter of 2015 on Amsterdam’s Euronext stock exchange, although the sale would be gradual, with the first stage covering 20% to 30% of the shares.
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However, details on pricing and the size of the offering were not disclosed.
ABN Amro was bailed out in 2008 after a 71bn takeover by a Royal Bank of Scotland-led consortium, which included Banco Santander and Fortis, collapsed a year ago.
The bailed out lender results have been improving since then. The bank posted underlying net profit of 600m for the second quarter of 2015, up from 322m a year ago.
The bank’s UK leasing arm most recently announced the departure of managing director George Ashworth to Virgin Money, with sales director Richard de Keijzer stepping up to replace Ashworth.
