ABN Amro Reports Full-Year Results in Line With Expectations
ABN Amro reported full-year 2018 profits of EUR 2.3 billion, in line with our expectations, down 17% compared with last year. Impairment charges on financial instruments, which came in at EUR 655 million versus a reversal of EUR 63 million in the year prior, had to shoulder the blame for the decline in profitability this year. We acknowledge that the aesthetics are not flattering, but we believe that 2017 impairments were atypical. Clearly, cost of risks of 27 basis points in 2018 are more repre...ABN Amro Bank NV is a bank based in the Netherlands. The Bank provides various financial products and services across a variety of channels, including its Mobile Banking app and Internet Banking. The Bank's product portfolio includes insurances, mortgages, savings, investments, loans and payments, among others. The Bank serves retail, private and corporate clients worldwide.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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