The bank at the heart of the collapse of Royal Bank of Scotland during the height of the financial crisis is due to be floated in the first half of 2016, eight years after it was nationalised by the Dutch government.
Netherlands Financial Investments invited investment banks to bid to be part of the float just before Christmas, with a £12bn listing expected in the first half of next year, the Sunday Times reports.
ABN Amro was bought by Fred Goodwin-led RBS for €71bn (£55.6bn) in 2007. It was then split into three, with Spanish bank Santander and Belgian bank Fortis taking the other two parts.
A year later the global financial crisis struck and RBS was one of several UK banks that had to be bailed out by the government in 2008. The bailout cost the taxpayer at least £46bn and Goodwin was stripped of his knighthood.
The Dutch bought Fortis’s share of ABN back for €28bn and now aim to sell up to a quarter of its 100 per cent stake, potentially raising €3bn.
ABN Amro said: “We see the independent existence of ABN Amro as a positive for the competitive landscape of Dutch banking. It’s not natural to be in state hands.”