Dutch Bank ABN Amro to Shrink Workforce in Bid to Boost Profits

Dutch bank ABN Amro plans to slash thousands of jobs as part of a new plan to boost profitability and trim costs over the next three years.

The lender said it targets a return on equity of at least 12% in 2028, supported by a stronger top line. It aims to make more than 10 billion euros ($11.52 billion) in income. This, coupled with lighter expenses, would bring its cost-to-income ratio below 55%.