ABN Amro, which was bailed out by the Dutch government in 2008, is set to return to private hands possibly by the end of 2015.
NL Financial Investments, the body which manages the Dutch government’s stakes in bailed-out financial institutions, confirmed that it has secured the approval from the Dutch and European regulators to list the bank, which has a book value of EUR15.6bn ($17.25bn).
NL Financial added that it could launch an initial public offering (IPO) as early as the fourth quarter of 2015 on Amsterdam’s Euronext stock exchange.
However, details on pricing and the size of the offering were not disclosed.
ABN Amro was bailed out in 2008 after a EUR71bn takeover by a Royal Bank of Scotland-led consortium, which included Banco Santander and Fortis, a year ago collapsed.
The bailed out lender results have been improving since then. The bank posted underlying net profit of EUR600m for the second quarter of 2015, up from EUR322m a year ago.