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ABN AMRO Group NV (ABNd.AS)

ABNd.AS on Amsterdam Stock Exchange

22.43EUR
18 Oct 2018
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Latest Key Developments (Source: Significant Developments)

ABN AMRO Q2 Underlying Net Profit At 688 Million Euros
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO REPORTS NET PROFIT OF EUR 688 MILLION FOR Q2 2018.INTERIM DIVIDEND HAS BEEN SET AT EUR 0.65 PER SHARE.Q2 NET INTEREST INCOME REMAINED STRONG, DESPITE LOW INTEREST RATE ENVIRONMENT.CIB UPDATE: RWA REDUCTION OF 5 BILLION AND EUR 80 MILLION COST SAVINGS.PRIVATE BANKING ACQUISITION IN BELGIUM OF EUR 6 BILLION IN ASSETS UNDER MANAGEMENT.Q2 IMPAIRMENTS WERE WELL BELOW PREVIOUS QUARTER, ALTHOUGH STILL ELEVATED.EXPECTS CAPITAL GENERATION TO CONTINUE, IMPROVING POSITION TO DISTRIBUTE CAPITAL IN ADDITION TO TARGETED DIVIDEND PAY-OUT OF 50% OF PROFIT.Q2 OPERATING INCOME EUR 2.29 BILLION VERSUS EUR 2.49 BILLION YEAR AGO.Q2 STRONG CAPITAL POSITION WITH CET1 RATIO OF 18.3% DUE TO ACTIVE BALANCE SHEET MANAGEMENT.CONTINUES TO EXPECT FULL-YEAR IMPAIRMENTS TO BE BELOW THROUGH-CYCLE AVERAGE OF 25-30 BASIS POINTS.Q2 OPERATING RESULT EUR 1.03 BILLION VERSUS EUR 1.12 BILLION YEAR AGO.Q2 FULLY LOADED CET1 RATIO 18.3 PERCENT VERSUS 17.6 PERCENT YEAR AGO.WELL ON TRACK AND CONTINUE TO MOVE FORWARD IN ACHIEVING STRATEGIC PRIORITIES AND FINANCIAL TARGETS.Q2 UNDERLYING NET PROFIT EUR 688 MILLION VERSUS EUR 960 MILLION YEAR AGO.  Full Article

ABN Amro to cut its corporate banking activities - report
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Dutch newspaper De Telegraaf::ABN AMRO TO ANNOUNCE DEEP CUT IN ITS CORPORATE BANKING ACTIVITIES WITH Q2 RESULTS ON WEDNESDAY - SOURCES SAY.ABN AMRO HAS CONSIDERED SHEDDING UP TO HALF OF ITS CORPORATE BANKING ACTIVITIES - SOURCES .ABN AMRO IN DEC 2017 SAID IT WOULD REVIEW THE PERFORMANCE OF ITS CORPORATE BANK IN LIGHT OF NEW BANKING REGULATIONS.ABN AMRO SAID IT WOULD WEIGH THE FUTURE OF ITS CLEARING BUSINESS AND OF ITS EXPOSURE TO INTERNATIONAL SHIPPING AND ENERGY COMPANIES.ABN AMRO CORPORATE AND INSTITUTIONAL BANKING NET PROFIT WAS 221 MILLION EUROS ($255.9 MILLION) IN 2017; 8 PCT OF ABN'S TOTAL NET PROFIT.ABN AMRO SHARES UP 0.3 PCT AT 23.40 EUROS AT 0906 GMT .($1 = 0.8637 euros).  Full Article

ABN Amro Group Supervisory Board Appointed Tom De Swaan As Its Chairman
Thursday, 12 Jul 2018 

July 12 (Reuters) - ABN AMRO Group NV ::SUPERVISORY BOARD APPOINTED TOM DE SWAAN AS CHAIRMAN OF SUPERVISORY BOARD OF ABN AMRO.  Full Article

ABN Amro Nominates Tom De Swaan As New Chairman Of The Supervisory Board
Friday, 25 May 2018 

May 25 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO NOMINATES TOM DE SWAAN AS NEW CHAIRMAN OF THE SUPERVISORY BOARD.TOM DE SWAAN TO BE APPOINTED FOR A PERIOD OF FOUR YEARS.APPOINTMENT IS SUBJECT TO APPROVAL BY REGULATORS.  Full Article

ABN Amro And Payconiq End Collaboration Talks‍​
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO AND PAYCONIQ DISCONTINUE COLLABORATION TALKS‍​.  Full Article

ABN Amro Says Q4 Results To Include Several Incidentals In Operating Income And Expenses​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - ABN AMRO GROUP NV ::‍Q4 2017 RESULTS OF ARE EXPECTED TO INCLUDE SEVERAL LARGE INCIDENTALS IN OPERATING INCOME AND OPERATING EXPENSES​.‍AGGREGATE IMPACT OF THESE IDENTIFIED LARGE INCIDENTALS IS EXPECTED TO BE NOT MATERIAL​.RELEASE OF UNEARNED INTEREST AND MORTGAGE PENALTIES EXPECTED TO TOTAL AROUND EUR 125 MILLION.‍SALE OF REMAINING EQUITY STAKE IN VISA INC. SHARES RESULTED IN BOOK GAIN OF EUR 114 MILLION​.‍BENEFITS ARE OFFSET BY THREE PROVISIONS​.AMSTERDAM COURT OF APPEAL RULED AGAINST CO IN CASE WHERE CO RAISED SURCHARGES FOR MORTGAGES WITH EURIBOR INTEREST RATES.ON COURT RULING: ‍EXPECTS TO INCREASE ITS EXISTING PROVISION BY APPROXIMATELY EUR 50M​​.‍RECOVERY FRAMEWORK FOR SME DERIVATIVES-RELATED ISSUES IS MORE EXTENSIVE THAN EXPECTED​.- ‍ON SME: PROJECT COSTS ARE EXPECTED TO RISE WITH ADDITIONAL EUR 80-100 MILLION FOR WHICH PROVISION IS INTENDED​.EXPECT TO TAKE ADDITIONAL RESTRUCTURING PROVISION OF AROUND EUR 100 MILLION RELATED TO REORGANISATION.  Full Article

ABN Amro Says Lease And Commercial Finance Merging Into ABN Amro Asset Based Finance
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - ABN AMRO GROUP NV ::LEASE AND COMMERCIAL FINANCE MERGING INTO ABN AMRO ASSET BASED FINANCE.  Full Article

ABN Amro Group Says Supervisors Confirm SREP Requirement Of 10.4% CET1 For 2018
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - ABN AMRO GROUP NV ::SUPERVISORS CONFIRM SREP REQUIREMENT OF 10.4% CET1 FOR 2018.‍FULLY LOADED CET1 REQUIREMENT FOR 2019 IS EXPECTED AT 11.78%​.  Full Article

Boudewijn Duinstra Named Head Of First Line Clearing Risk, ICE Clear Europe
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Intercontinental Exchange Inc ::INTERCONTINENTAL EXCHANGE APPOINTS BOUDEWIJN DUINSTRA AS HEAD OF FIRST LINE CLEARING RISK FOR ICE CLEAR EUROPE.DUINSTRA JOINS FROM ABN AMRO CLEARING BANK, A UNIT OF ABN AMRO GROUP.  Full Article

Allianz and ABN Amro finance 'Atrium' office complex acquisition by Amundi Real Estate and Korean investors
Friday, 24 Nov 2017 

Nov 24 (Reuters) - ALLIANZ SE ::CONCLUDES FINANCING PLAN WITH ABN AMRO RELATING TO ACQUISITION OF 'ATRIUM' OFFICE BUILDINGS‍​‍​.TRANSACTION WITH ABN AMRO IS FOR A LOAN OF NEARLY EUR 300 MLN‍​.THE TRANSACTION HAS MATURITY OF 7 YEARS AT FIXED RATE.'ATRIUM' OFFICE BUILDINGS TO BE ACQUIRED BY CONSORTIUM OF AMUNDI REAL ESTATE AND KOREAN INVESTORS‍​.ALLIANZ IS MAJOR PARTICIPANT IN THE FINANCING; ABN AMRO IS THE SOLE PLACING AGENT AND MINOR PARTICIPANT.  Full Article

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Nordea sees room for 'tactical' M&A after HQ move: CEO

HELSINKI Nordea , the Nordic region's biggest bank, will focus on improving and expanding its IT systems in the near term but might still make "tactical" M&A moves in the region, CEO Casper von Koskull told Reuters.