ABN Amro Says Early 2015 is Good Time For IPO

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ABN Amro Chairman Gerrit Zalm said that early 2015 is a good time for an initial public offering (IPO) if Dutch economy recovers, reports .

In The Hague on Wednesday, Zalm told lawmakers he sees early 2015 as a good moment for IPO if the Dutch economy has recovered from its third recession in five years and bad-loan provisions ease.

Zalm also said that there will no problem if IPO is delayed for six months or a year.

ABN Amro World HQ / Flickr

In August, the Dutch government said that it plans to sell ABN Amro in an IPO for as much as €15 billion, less than the €22 billion euros the nation invested.

Michael Enthoven, chairman of the government’s NL Financial Investments agency, also told lawmakers that the European Central Bank (ECB) must complete its review of euro-area lenders before a decision is made on how to sell ABN Amro.