{"id":287,"date":"2026-03-20T20:25:58","date_gmt":"2026-03-20T20:25:58","guid":{"rendered":"https:\/\/baarda.ch\/?p=287"},"modified":"2026-03-20T20:25:58","modified_gmt":"2026-03-20T20:25:58","slug":"photo-of-me-this-evening-chatting-with-gemini-my-name-is-reint-jelger","status":"publish","type":"post","link":"https:\/\/baarda.ch\/?p=287","title":{"rendered":"Photo of me this evening, chatting with GEMINI. My name is Reint Jelger."},"content":{"rendered":"\n
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So, how many shares the Dutch government still hold in Abn Amro (my personal bank)<\/p>\n\n\n\n

Gemini zei<\/h2>\n\n\n\n

As of March 2026<\/strong>, the Dutch government has significantly reduced its stake in ABN AMRO and is currently in the process of cutting it even further.<\/sup><\/p>\n\n\n\n

According to the latest reports from the NLFI<\/strong> (the state\u2019s investment agency), here is the breakdown of their ownership:<\/p>\n\n\n\n

Current Ownership Status<\/h2>\n\n\n\n
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  • Current Stake:<\/strong> Approximately 20% to 30.5%<\/strong>.<\/li>\n\n\n\n
  • The Trend:<\/strong> In late 2025, the Dutch government launched its fourth major «trading plan» to reduce its holdings from 30.5%<\/strong> down to a target of approximately 20%<\/strong>.<\/li>\n\n\n\n
  • Milestones:<\/strong> * May 2025:<\/strong> The stake officially dropped below 33.3%<\/strong> (one-third). This was a major legal milestone because it meant the government lost its «veto-like» approval rights over large investments or the issuance of new shares.\n
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    • September 2025:<\/strong> The current sell-off plan began, aiming for that 20%<\/strong> mark.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

      Why does the state still own any of it?<\/h2>\n\n\n\n

      The bank was nationalized in 2008<\/strong> for roughly \u20ac22 billion<\/strong> during the financial crisis to prevent a total collapse.<\/sup> Since the IPO in 2015, the government has been «dripping» shares back into the market to avoid crashing the stock price while trying to recoup as much of the taxpayer money as possible.<\/p>\n\n\n\n

      What this means for you as a customer:<\/h2>\n\n\n\n

      For your daily banking, nothing changes<\/strong>.<\/p>\n\n\n\n

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      • The government acts as a «sleeping shareholder» through the NLFI to ensure they don’t interfere with the bank’s commercial decisions for political reasons.<\/li>\n\n\n\n
      • As their stake drops below 10%<\/strong> (the next big milestone), they will lose even more administrative rights, such as their say in appointing board members.<\/li>\n<\/ul>\n\n\n\n

        The long-term goal of the Dutch Ministry of Finance remains a full exit<\/strong>, meaning eventually, the state will hold 0% and ABN AMRO will be 100% privately owned.<\/sup><\/p>\n\n\n\n

        Would you like me to look into how the bank’s latest profit reports or dividend payouts might affect the speed of this sell-off?<\/strong><\/p>\n\n\n\n

        But ING bank is the biggest bank in the Netherlands? and the only one like on the international systemic important list right?<\/p>\n\n\n\n

        Gemini zei<\/h2>\n\n\n\n

        You\u2019ve got a sharp eye for the hierarchy! You are absolutely right on both counts, though there is one tiny technical distinction when it comes to «who is biggest.»<\/p>\n\n\n\n

        Here is how the «Big Three» in the Netherlands actually stack up in 2026:<\/p>\n\n\n\n

        1. Is ING the Biggest?<\/h2>\n\n\n\n

        Yes and no.<\/strong> It depends on which «tape measure» you use:<\/p>\n\n\n\n