ABN AMRO: €33 million impact in the third quarter despite the annulment of the SRB decision
On 4 November 2026, the General Court of the European Union annulled the decision of the Single Resolution Board on the calculation of an ABN AMRO subsidiary's contribution to the Single Resolution Fund, without calling into question the method contested by the bank.
For the Dutch group, the ruling results in a negative impact of approximately €33 million on net income after tax, which will be recognised in the third-quarter 2026 results.
An accounting item linked to securitisations at the heart of the dispute
The dispute pitted ABN AMRO and its subsidiary ABN AMRO Hypotheken Groep (AAHG) against the Single Resolution Board (SRB) over the calculation of AAHG's contributions to the Single Resolution Fund for the 2016-2023 period. At issue was the inclusion in the calculation of a specific accounting item linked to securitisations, which the SRB had decided to include in 2023.
Following that decision, AAHG paid an additional contribution of approximately €120 million under reserve. The bank and its subsidiary argued that taking this item into account amounted to counting the underlying economic risk twice, and asked the Court to rule on the matter.
The Court upheld the method but considered the late additional demands untimely
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
The Court considered that the SRB had been right to include this item in the calculation, but that the additional contributions for the years 2016 to 2018 had been imposed too late. It annulled the SRB's decision, which must recalculate the contributions and bear ABN AMRO's legal costs.
The bank had recorded this additional contribution as a receivable in its accounts; only part of it will be reimbursed by the SRB.
ABN AMRO states that it supports the objectives of the Single Resolution Fund, the common resolution fund of the banks of the European Banking Union, and specifies that the proceedings concerned solely the method of calculating its contribution. The group said it would examine the ruling.
We increased our guidance for commercial NII for full-year 2026 to € 6.8 billion
Risks mentioned
L'incertitude géopolitique et macroéconomique reste élevée
L'impact inflationniste du choc énergétique n'est pas encore pleinement visible
Les négociations salariales collectives pourraient influencer les coûts au second semestre
Opportunities identified
Fusion juridique de Hauck Aufhäuser Lampe avec ABN AMRO achevée en juin, synergies attendues
Nomination renouvelée comme conseiller financier de l'État néerlandais pour quatre ans
Financement d'un des plus grands projets de stockage de batteries en Europe
Outlook / guidance
Management commentary: commercial net interest income FY2026, NIBC inclus
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
