At the outset, the government acquired ABN AMRO for nearly €16.8bn, while subsequent funding reached €27.9bn, the finance ministry said in a statement.
It is expected that ABN AMRO’s current market value will be around €15bn, and the government will not be able to book any profit on the proposed sale, media sources reported.
While addressing a press conference, Netherlands prime minister Mark Rutte said, "We will get as good a price as possible."
The chance of selling with a profit is small. We will decide in a year if it is time and in the meantime we will ask ABN AMRO to get ready for a listing."
In a statement, ABN AMRO chief executive Gerrit Zalm said, "The (finance) minister’s plans are the first step towards entering the private market. If parliament agrees, the first opportunity for an IPO would be the first half of 2015."
Most recently, the bank acquired Banco CR2, a small privately owned commercial bank based in Brazil, with total assets of nearly €25m as of June 2012.
