AMSTERDAM (Reuters) - ABN Amro’s chief financial officer said that the bank’s goal of reaching a cost-income ratio of 56-58% next year will be difficult to meet.
Speaking after the company posted its second-quarter earnings, CFO Clifford Abrahams said due to low interest rates it “looks challenging to hit that target.”
ABN’s cost-income ratio, a key measure of a bank’s profitability, was 59.9% in the first half of 2019.
Reporting by Toby Sterling; editing by Jason Neely
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