The Dutch group announced on Monday the elimination of around 2,700 jobs by 2024. Weakened by the erosion of its profitability, it confirms its refocusing in the Netherlands and in the north-west of Europe, after having downsizing in investment banking.

The bank hopes to save 700 million euros within four years, to limit its costs to 4.7 billion euros per year.

Banks continue to downsize in Europe. The Dutch ABN Amro announced on Monday the elimination of 15% of its workforce by 2024, which represents around 2,700 jobs. Faced with a continuous erosion of its profitability for several years, in an environment of sustainable low interest rates, the bank hopes to save 700 million euros within four years, to limit its costs to 4.7 billion euros per year. .

The restructuring confirms the refocusing of the group, but turns out to be more radical than expected. This summer, ABN Amro unveiled the first part of this plan, which aimed to reduce its presence in investment banking (CIB), with in particular a withdrawal from the United States, Asia, Brazil and the Australia, the end of its commodity trading activity, and the elimination of 800 jobs already (included in the announcements of this Monday).