NLFI Progress Report 2026
On 8 June 2026, the Dutch Minister of Finance, Eelco Heinen, sent a letter to the House of Representatives reporting on the progress made by ASN Bank in 2025. The report makes clear that ASN Bank made good progress in 2025 with the transformation that began in 2024. Concrete results have been achieved in becoming a more efficient and agile organisation that is better able to respond to changing customer needs, regulations and technological developments. The bank has thus taken major steps towards becoming a future-proof organisation.
In this context, the extensive remediation programmes for Anti-Financial Crime (AFC) and risk management are also crucial. The bank’s strengthened capabilities mean it can respond more quickly and effectively to the needs of its three million customers, improve data quality and IT systems, and comply on a structural basis with increasing legislation and regulations.
ASN Bank acknowledges the observations and views set out in the progress report. These provide a clear picture of our progress and of the challenges and objectives for the coming period. In terms of implementing the transformation, the formal launch of ASN Bank and the new organisation on 1 July 2025 was a significant milestone, followed by the presentation of the new ‘Simplify and Grow’ strategy in November .
This also marked the start of the next phase of the transformation, which is taking place mainly ‘under the hood’ primarily in the areas of IT organisation and data management. At the same time, ASN Bank is still working hard to remedy the identified shortcomings in anti-money laundering and risk management.
Our focus remains on the rapid implementation of the transformation and the priorities of AFC remediation and risk management, with the most significant steps to be taken by the end of 2026.
Finally, NLFI notes that ASN Bank is not yet ready for a decision on privatisation. ‘Although ASN Bank has made progress over the past year, NLFI does not expect to reach a different conclusion in 2026,’ the shareholder concludes in its report.
ASN Bank is keen to continue the dialogue with NLFI regarding its future. This will ensure that, as a systematically important bank that is socially engaged, we can continue to contribute to the diversity of the Dutch banking landscape in the future.
On 7 August, when we present our interim results for 2026, we will provide an update on our financial progress and the achievement of our strategic objectives.
Both the letter from the Minister of Finance and the NLFI report can be found on the Government of the Netherlands' website.