ABN AMRO Bank N.V. (ENXTAM:ABN) is looking for M&A. Robert Swaak, Chief Executive Officer said, "And in terms of your last question on M&A, our point of view hasn't changed. That has been the same every single quarter we've talked about M&A. So we continue to look at potential deal flow. We'll continue to look in the direction that we've always indicated, which basically goes as far as to say, any M&A is strategically accretive, then we would be interested in reviewing.

But we're also very well aware that there is a -- not only talk about this strategic accretiveness, it's also very much about the comparative ROEs that we have on share buybacks that we take into consideration. All of that factors into our ongoing monitoring of M&A.