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Dutch bank ABN Amro buys domestic peer NIBC Bank

Nov 12 (Reuters) - Dutch bank ABN Amro ABNd.AS on Wednesday said that it had acquired domestic commercial lender NIBC Bank from private equity firm Blackstone, strengthening its position in its home market.

The acquisition, which is set to close in the second half of the next year, is expected to improve ABN Amro's profitability and generate a return on invested capital of roughly 18%.

The bank also reported that its third-quarter profit of 617 million euros ($720 million) beat analysts' median forecast of 589 million euros.

($1 = 0.8575 euros)

 (Reporting by Mateusz Rabiega)

 ((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))

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