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ABN Amro Bank NV

ABNd.AS

Latest Trade

9.50EUR

Change

-0.13(-1.37%)

Volume

3,810,994

Today's Range

9.47

 - 

9.65

52 Week Range

5.68

 - 

16.98

As of on the Euronext Amsterdam Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

ABN Amro: Clifford Abrahams To Step Down As CFO

Nov 17 (Reuters) - ABN AMRO BANK NV <ABNd.AS>::ABN AMRO CFO TO STEP DOWN PER 28 FEBRUARY 2021.ANNOUNCED THAT ITS CHIEF FINANCIAL OFFICER, CLIFFORD ABRAHAMS, HAS DECIDED TO LEAVE ABN AMRO.PROCESS OF FINDING A NEW CHIEF FINANCIAL OFFICER HAS BEEN INITIATED.

ABN Amro Reports Net Profit At EUR 301 Mln, Above Expectations

Nov 11 (Reuters) - ABN Amro Bank NV <ABNd.AS>::ABN AMRO REPORTS NET PROFIT OF EUR 301 MILLION IN Q3 2020.COST/INCOME RATIO FOR Q3 WAS 61.5%, RETURN ON EQUITY 5.6%.IN MID-OCTOBER NETHERLANDS ENTERED INTO A PARTIAL LOCKDOWN.WE ARE THEREFORE CAUTIOUS ABOUT OUTLOOK AND CONCERNED ABOUT LONG-TERM IMPACT ON SOCIETY.END-Q3 STRONG CAPITAL POSITION, BASEL III CET1 RATIO OF 17.2% AND BASEL IV CET1 OF AROUND 15%, PROVIDES RESILIENCE.WE ARE FINALISING OUR STRATEGY REVIEW AND MAKING GOOD INITIAL PROGRESS ON WIND-DOWN OF CIB NON-CORE PORTFOLIO.RESULT WAS SUPPORTED BY A BOOK GAIN ON SALE OF OUR PARIS OFFICE BUILDING, PARTLY OFFSET BY PROVISIONS FOR WIND-DOWN OF CIB NON-CORE PORTFOLIO.ON TRACK TO ACHIEVE A COST LEVEL OF AROUND EUR 5.1 BILLION FOR 2020, EXCLUDING PROVISIONS FOR THE CIB REVIEW.I LOOK FORWARD TO UPDATING YOU ON THE OUTCOME OF THE STRATEGY REVIEW AT THE INVESTOR UPDATE ON 30 NOVEMBER - CEO.NET INTEREST INCOME CONTINUES TO BE IMPACTED BY PRESSURE ON DEPOSIT MARGINS AS WELL AS LOWER CORPORATE LOAN VOLUMES AS WE REDUCED CIB NON-CORE PORTFOLIO BY SOME EUR 3.7 BILLION.WE REMAIN ON TRACK TO ACHIEVE A COST LEVEL OF AROUND EUR 5.1 BILLION FOR 2020, EXCLUDING RESTRUCTURING PROVISIONS FOR CIB REVIEW.Q3 OPERATING INCOME EUR 2.21 BILLION VERSUS EUR 2.22 BILLION SEEN IN COMPANY-COMPILED CONSENSUS.WE REMAIN CAUTIOUS AND FULL-YEAR IMPAIRMENTS ARE EXPECTED TO BE BELOW OUR Q2 GUIDANCE OF EUR 3 BILLION, CLOSER TO Q1 GUIDANCE OF EUR 2.5 BILLION.

ABN Amro Bank Expects Lower COVID-related Impairment Levels In 2021

Nov 11 (Reuters) - ABN Amro Bank NV <ABNd.AS>::WE EXPECT EFFECT OF COVID-19 TO CARRY OVER INTO 2021, ALTHOUGH LEADING TO LOWER IMPAIRMENT LEVELS THAN IN 2020.Q3 NII AMOUNTED TO EUR 1,469 MILLION, MAINLY REFLECTING CONTINUED PRESSURE ON DEPOSIT MARGINS MARKET-WIDE, WIND-DOWN OF CIB NON-CORE PORTFOLIO.PAYOUT OF ACCRUED FY 2019 DIVIDEND WILL BE CONSIDERED PRUDENTLY AT FY 2020, TAKING INTO ACCOUNT STATUS OF ECB DIVIDEND RECOMMENDATION.WE ARE COMMITTED TO RESUMING PAYMENT OF DIVIDENDS, SUSTAINABLY, CONDITIONS PERMITTING AND TAKING INTO ACCOUNT ECB RECOMMENDATIONS.

ABN Amro And Oddo BHF To Join Forces

Sept 16 (Reuters) - ABN Amro Bank NV <ABNd.AS>::REG-ABN AMRO AND ODDO BHF TO JOIN FORCES.ABN AMRO AND FRANCO-GERMAN FINANCIAL SERVICES GROUP ODDO BHF ARE ENTERING INTO A STRATEGIC PARTNERSHIP TO COMBINE THEIR EQUITY BROKERAGE SERVICES IN BENELUX.THE JOINT VENTURE WILL HAVE A BENELUX FOCUS AND WILL BE LOCATED AT ABN AMRO’S HEADQUARTERS IN AMSTERDAM.NEW JOINT VENTURE NAMED ABN AMRO-ODDO BHF WILL BE ESTABLISHED.ABN AMRO AND ODDO BHF HAVE AMBITION TO EXTEND THEIR PARTNERSHIP TO GERMAN MARKET.

ABN AMRO Announces Call Of 1.0 Billion Euros Additional TIER 1 Instrument

Aug 24 (Reuters) - ABN Amro Bank NV <ABNd.AS>::ABN AMRO ANNOUNCEMENT TO CALL AT1 INSTRUMENT.WITH REFERENCE TO TERMS AND CONDITIONS OF EUR 1.0 BILLION 5.75% UNDATED DEEPLY SUBORDINATED ADDITIONAL TIER 1 FIXED RATE RESETTABLE CALLABLE CAPITAL SECURITIES CALLABLE ON 22 SEPT CO ANNOUNCES TO EXERCISE ITS RIGHT TO REDEEM THESE CAPITAL SECURITIES IN FULL ON 22 SEPT.TRADING WILL BE SUSPENDED AS OF 18 SEPTEMBER 2020.

ABN Amro Q2 Operating Result Falls To 786 Million Euros

Aug 12 (Reuters) - ABN Amro Bank NV <ABNd.AS>::AMRO REPORTS NET LOSS OF EUR 5 MILLION FOR Q2 2020.SIGNIFICANT RISK REDUCTION IN GLOBAL SECTORS IS EXPECTED TO BE CAPITAL ACCRETIVE OVER TIME.Q2 OPERATING INCOME EUR 1.99 BILLION VERSUS EUR 2.32 BILLION YEAR AGO.Q2 OPERATING RESULT EUR 786 MILLION VERSUS EUR 1.01 BILLION YEAR AGO.Q2 BREAKEVEN NET RESULT (EUR 5 MILLION NEGATIVE) REFLECTS HIGH IMPAIRMENTS.COSTS CONTINUE TO BENEFIT FROM COST-SAVING PROGRAMMES.Q2 GOOD OPERATIONAL PERFORMANCE; NET INTEREST INCOME UNDER PRESSURE FROM LOW INTEREST RATES.BANK TO FOCUS ON NETHERLANDS AND NORTHWEST EUROPE.END-Q2 ROBUST CAPITAL POSITION, WITH A CET1 RATIO OF 17.3% (BASEL III) AND AROUND 14% (BASEL IV).RESILIENCE OF OUR OPERATING PERFORMANCE WILL NOT FULLY OFFSET EXPECTED IMPAIRMENTS FOR FULL-YEAR 2020.WILL EXIT ALL NON-EUROPEAN CORPORATE BANKING ACTIVITIES - CEO.COVID-19 HAS HAD A SIGNIFICANT IMPACT ON OUR FINANCIAL PERFORMANCE.

ABN Amro And Aegon Asset Management To Introduce Impact Equity Fund

June 30 (Reuters) - ABN AMRO BANK NV <ABNd.AS>::AEGON ASSET MANAGEMENT AND ABN AMRO JOIN FORCES TO INTRODUCE IMPACT EQUITY FUND.

ABN Amro: Successfully Issues EUR 1 Billion Of Additional Tier 1 Capital

June 8 (Reuters) - ABN AMRO BANK NV <ABNd.AS>::SUCCESSFULLY ISSUED EUR 1 BILLION OF ADDITIONAL TIER 1 CAPITAL.WAS ABLE TO BENEFIT FROM FAVOURABLE MARKET CONDITIONS AND SET THE COUPON AT 4 3/8%.

ABN Amro Intends To Issue Additional Tier 1 Capital

June 8 (Reuters) - ABN Amro Bank NV <ABNd.AS>::ABN AMRO INTENDS TO ISSUE ADDITIONAL TIER 1 CAPITAL.INTENDED ISSUANCE WILL BE IN FORM OF EUR DENOMINATED PERPETUAL ADDITIONAL TIER 1 CAPITAL SECURITIES WHICH CAN BE CALLED IN 2025 WITH TEMPORARY WRITE-DOWN LOSS ABSORPTION MECHANISM, DISCRETIONARY NON-CUMULATIVE COUPONS.INITIAL COUPON AND FINAL AMOUNT OF ANY ADDITIONAL TIER 1 CAPITAL SECURITIES SOLD WILL BE DETERMINED AT CONCLUSION OF OFFERING.

ABN Amro Announces Call Of EUR 1.5 Bln Tier 2 Instrument

June 1 (Reuters) - ABN Amro Bank NV <ABNd.AS>::ANNOUNCES CALL OF EUR 1.5BN TIER 2 INSTRUMENT.TRADING WILL BE SUSPENDED AS OF 26 JUNE 2020.ANNOUNCES TO EXERCISE ITS RIGHT TO REDEEM THESE NOTES IN FULL ON 30 JUNE 2020.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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