ABN AMRO takes note of ruling on contribution to European resolution fund
- Investor Relations
Jordi van Baardewijk
Sr Press Officer Risk Management, Compliance, HR, I&T and Detecting Financial Crime
On 4 November 2026 the General Court of the European Union issued its ruling in proceedings between ABN AMRO and ABN AMRO Hypotheken Groep (AAHG) and the Single Resolution Board (SRB) regarding the calculation of contributions to the Single Resolution Fund (SRF). The General Court ruled partially in favour of ABN AMRO and AAHG and reduced the amount of contribution that the SRB may claim from ABN AMRO. As a result, ABN AMRO expects to receive a partial reimbursement but will need to write off the remainder of the receivable it had recognised. The resulting negative impact on profit after tax is approximately € 33 million. This impact has been included in ABN AMRO’s Q3 2026 results.
Following the SRB’s decision in 2023, AAHG made an additional contribution of approximately €120 million under protest.
The proceedings concerned the calculation of AAHG’s SRF contribution for the period 2016-2023. The case centred on whether a specific accounting item relating to securitisations should be included in the calculation. In 2023, the SRB decided that this item should be included. ABN AMRO and AAHG argued that this would result in the underlying economic risk associated with the item being counted twice. ABN AMRO and AAHG therefore asked the General Court to rule on the matter.
The General Court ruled that the SRB was correct to include the item in the calculation, but that the additional contributions for the years 2016-2018 had been imposed by the SRB too late. The General Court annulled the SRB’s decision and ruled that the SRB must recalculate the contributions and pay ABN AMRO’s legal costs.
ABN AMRO supports the objectives of the SRF, the common resolution fund for banks within the European Banking Union. The proceedings did not concern whether ABN AMRO and AAHG should contribute to the SRF, but solely how their contribution should be calculated in relation to this specific item.
ABN AMRO will review the ruling.