Lower Impairment Cost and Increased Revenue Resulted in Decent Operational Numbers for ABN in 2016
In line with our full-year estimate, ABN Amro posted EUR 1.8 billion net income on a reported basis, indicating a 6% decline over 2015. On an underlying basis, excluding the negative impact of EUR 271 million SME derivatives-related provisions set aside in second-quarter 2016, net income increased by 8% year over year, thanks to the significantly lower impairment charges and higher revenue generation. Overall, we deem the results improved when compared with 2015 supported by the improved economi...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.
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