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ABN AMRO Group NV (ABNd.AS)

ABNd.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ABN Amro Digital Impact Fund Invests In ThetaRay
Wednesday, 12 Jun 2019 

June 12 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO DIGITAL IMPACT FUND INVESTS IN FINANCIAL CRIME DETECTION PROVIDER THETARAY.  Full Article

ABN Amro Sells Majority Stake In Stater To Infosys
Thursday, 28 Mar 2019 

March 28 (Reuters) - ABN AMRO GROUP NV ::REG-ABN AMRO SELLS MAJORITY STAKE IN STATER TO INFOSYS.ABN AMRO ANNOUNCED TODAY THAT IT HAS SOLD 75% OF ITS SHARES IN STATER TO INFOSYS.RETAINING A 25% INTEREST IN STATER, ABN AMRO WILL CONTINUE TO BE A STRATEGIC SHAREHOLDER.CLOSING DATE OF TRANSACTION IS EXPECTED IN Q2.TRANSACTION WILL RESULT IN A GAIN ON DISPOSAL AND HAVE A POSITIVE, THOUGH MODEST, IMPACT ON ABN AMRO'S CET1 CAPITAL RATIO.  Full Article

ABN Amro Q4 Net Profit At EUR 316 Million
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - ABN AMRO GROUP NV ::REG-ABN AMRO REPORTS NET PROFIT OF EUR 2,325 MILLION FOR FY 2018.REPORTS NET PROFIT OF EUR 2,325 MILLION FOR FY 2018.Q4 2018 NET PROFIT OF EUR 316 MILLION; SOLID OPERATIONAL PERFORMANCE IN Q4.RETURN ON EQUITY FOR FY 2018 WAS 11.4%.COST/INCOME RATIO FOR FY 2018 IMPROVED TO 58.8% (FY 2017: 60.1%); ON TRACK TO MEETING 56-58% TARGET BY 2020.PROPOSED FINAL DIVIDEND OF EUR 0.80 PER SHARE. FY 2018 DIVIDEND PROPOSAL OF EUR 1.45 PER SHARE (FY 2017: EUR 1.45).Q4 REUTERS POLL: UNDERL PROFIT FOR PERIOD EUR 446 MILLION; OPERATING INCOME 2.16 BILLION; OPERATING RESULT EUR 738 MILLION.Q4 REUTERS POLL: NET INTEREST INCOME EUR 1.62 BILLION.RECONFIRMATION OF TARGETS AND GUIDANCE GIVEN AT INVESTOR DAY.ON TRACK TO MEETING OUR FINANCIAL TARGETS FOR 2020.RECONFIRM TARGETS AND GUIDANCE GIVEN AT OUR INVESTOR DAY, DESPITE A SOMEWHAT WEAKER ECONOMIC OUTLOOK.Q4 OPERATING RESULT EUR 643 MILLION VERSUS EUR 738 MILLION IN REUTERS POLL.Q4 OPERATING INCOME EUR 2.16 BILLION VERSUS EUR 2.16 BILLION IN REUTERS POLL.  Full Article

Intertrust To Acquire ABN Amro's Escrow And Settlement Business
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - INTERTRUST NV ::INTERTRUST TO ACQUIRE ABN AMRO'S ESCROW AND SETTLEMENT BUSINESS.TRANSACTION IS SUBJECT TO REGULATORY APPROVALS AND IS EXPECTED TO COMPLETE IN Q3 2019.ACCOUNT BANK SERVICES REMAIN WITH ABN AMRO WHO WILL CONTINUE TO PROVIDE THIS SERVICE TO BUSINESS..  Full Article

ABN Amro seeks subsidiary for clearing bank ahead of Brexit
Wednesday, 21 Nov 2018 

AMSTERDAM, Nov 21 (Reuters) - ABN Amro :* ABN Amro says in event of hard Brexit its clearing bank might not be able to access exchanges in Britain.* ABN Amro Clearing bank therefore has decided to set up a subsidiary in Britain, it said and is "discussing the set up with the UK authorities".* The subsidiary will ensure the ongoing access of ABN Amro Clearing Bank to exchanges and CCPs (central counterparty clearing), the bank said.* The subsidiary set up is for ABN Amro Clearing Bank and not ABN Amro Bank as a whole, it said..  Full Article

ABN AMRO To Sell Part Of Its Stake In Investment Funds Of ABN AMRO Participaties
Friday, 16 Nov 2018 

Nov 16 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO SELLS PART OF ITS STAKE IN THE INVESTMENT FUNDS OF ABN AMRO PARTICIPATIES (AAP).BANK REMAINS INVOLVED THROUGH MINORITY INVESTMENT IN EXISTING PORTFOLIO.TRANSACTION DOES NOT HAVE A MATERIAL IMPACT ON ABN AMRO'S RESULTS..  Full Article

ABN AMRO Says They Are On Track For Cost Savings By 2020
Friday, 16 Nov 2018 

Nov 16 (Reuters) - ABN AMRO GROUP NV ::SAYS ON TRACK FOR COST SAVINGS BY 2020, AROUND EUR 50 MILLION OF RESTRUCTURING CHARGES FORESEEN IN Q4 2018.TARGETS: FLATTISH LOAN BOOK IN 2019-20 PERIOD, MODERATE GROWTH IN THE MEDIUM TERM.NEW COST/INCOME TARGET <55% BY 2022.SAYS LEGAL MERGER OF ABN AMRO GROUP AND ABN AMRO BANK TO BE EXPLORED.BASEL III CAPITAL TARGET RANGE 2019 UNCHANGED AT 17.5-18.5%, SUBJECT TO 2019 SREP REQUIREMENT.WELL ON TRACK TO ACHIEVE ALL OF OUR FOUR FINANCIAL TARGETS FOR 2020.FINAL DECISION ON THE 2018 DIVIDEND WILL BE TAKEN AT THE TIME OF THE FY 2018 RESULTS.WELL-PLACED TO CONSIDER ADDITIONAL DIVIDENDS, ON TOP OF 50% OF SUSTAINABLE PROFIT.WE EXTEND CURRENT CAPITAL RANGE TO 2019 AND WE SET AN ADDITIONAL C/I TARGET FOR 2022.  Full Article

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

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Banks to include CO2 emission measures in shipping loan decisions

LONDON A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday.