Large Dutch Banks 2019 Profits Lower; Higher Cost of Risk
DBRS Morningstar views the 2019 results of the major Dutch banks as solid, as the cost of risk normalises and the ultra-low rates continue to put pressure on deposit margins and net interest income. Investments in innovation and digital transformation have continued, as well as costs savings to improve efficiency levels. At the same time, the banks have also been investing in compliance and their anti-money laundering (AML) framework. Capital levels remain robust with the banks maintaining large capital cushions over regulatory minimum requirements in a context of evolving capital requirements.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.