Report
Steven Gould

ABN AMRO : Q4 2019 underscores the areas of concern

>Pressure on operational leverage and increase in the cost of risk - ABN AMRO has reported broadly disappointing Q4 2019 figures with net profit of € 289m (-29% vs consensus) and pre-tax profit of € 403m (-30% vs consensus). Importantly, the numbers reported confirm that the operating scenario is becoming increasingly complicated, with double-edged pressure (downwards on the top line due to the rate environment, upwards on costs due to tougher compliance requirements)...
Underlying
ABN AMRO Bank NV Depositary receipts

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Steven Gould

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