ABN Amro May Consider Lower Capital Threshold for Buybacks
- Chief Swaak signals he’s open to lowering CET1 bar if needed
- Investors should expect ‘some form of capital return,’ he says
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ABN Amro Bank NV signaled it may give itself more leeway to repurchase shares as the race between European banks to reward investors with higher payouts heats up.
The Dutch lender will consider lowering the capital bar it has set for buybacks if it “becomes constraining,” Chief Executive Officer Robert Swaak said. Analysts surveyed by the bank expect its main capital metric to decline close to that threshold at the end of the year, giving the CEO little room for future buybacks as he prepares to update shareholders in coming months.