The Dutch giant anticipates that the combination of HAL with its German private banking arm Bethmann Bank will solidify its “top three position” in the German wealth management sector.
The merged entity is expected to manage approximately €70 billion in assets, with HAL contributing €26 billion in assets and €2 billion in loans.
ABN Amro believes HAL’s private banking services and strong presence in Germany complement the bank’s “existing client base and geographical coverage”.
