Rabobank to acquire Alfam from ABN AMRO.

Rabobank, a Dutch multinational banking and financial services company, agreed to acquire Alfam, a provider of loans and credit solutions, from ABN AMRO, a Dutch bank. Financial terms are not disclosed. The transaction will lead to a positive impact on ABN AMRO’s CET1 capital ratio of around 5 basis points. This includes approximately €1.2 billion in RWA reduction and an anticipated book loss of around €100 million.