reports
- Elisabeth Rudman
- Halil Senturk
- Sonja Forster
- Elisabeth Rudman
- Halil Senturk
- Sonja Forster
ABN AMRO Q1 2023: Sound Results Boosted by Interest Income
ABN AMRO Bank N.V. (ABN AMRO or the Bank) reported net income of EUR 523 million in Q1 2023 and an annualized ROE of 9.6%, up significantly from 5.4% in Q1 2022. The results were mainly driven by a combination of higher interest revenues and, to a lesser extent, by lower loan loss provisions, which offset seasonally higher bank levies. Core revenues (interest income and fees) increased by 15% Quarter on Quarter (QOQ) and 11% Year on Year (YOY), while operating expenses rose slightly by 5% compar...
- Elisabeth Rudman
- Sonja Forster
- Ross Abercromby
- Sonja Forster
- Elisabeth Rudman
- Lito Chousiada
- Sonja Forster
- Elisabeth Rudman
- Sonja Forster
- Elisabeth Rudman
- Lito Chousiada
- Sonja Forster
ABN AMRO: Modest Q4 2020 Profit - Outlook Still Subdued
ABN AMRO Bank N.V. (ABN AMRO or the Bank) reported a net profit of EUR 54 million in Q4 2020, narrowing the net loss for the full year 2020 (FY20) to EUR 45 million. Revenues weakened Quarter-on-Quarter (QoQ) and Year-on-Year (YoY) for Q4 and FY20 due to various factors, including the wind-down of the non-core Corporate and Investment Banking (CIB) portfolio, margin compression, lower loan volumes, and a decline in fees and other income. Operating expenses were up 1% YoY for Q4 2020 and unchange...
- Elisabeth Rudman
- Lito Chousiada
- Sonja Forster
ABN AMRO Returns to Profit in Q3 2020 on Asset Gain and Lower Impairme...
ABN AMRO Bank N.V. (ABN AMRO or the Bank) reported a net profit of EUR 301 million in Q3 2020, compared to a net loss of EUR 5 million in Q2 2020, and a net profit of EUR 558 million in Q3 2019. The Quarter-on-Quarter (QoQ) improvement was driven by a EUR 263 million capital gain on the sale of a Paris office and a significant decrease in credit impairment charges. This outweighed a sizeable increase in operating expenses due to elevated provisions for the wind-down of the non-core Corporate & I...
- Elisabeth Rudman
- Lito Chousiada
- Sonja Forster
- Vitaline Yeterian
ABN Amro: Q2 2020 Loss Narrows, More Clarity on CIB Strategy
ABN Amro Bank N.V. (ABN Amro or the Bank) reported a net loss of EUR 5 million in Q2 2020, compared to a gain of EUR 693 million in Q2 2019, and following on from a loss of EUR 395 million in Q1 2020. The year-on-year (YoY) decline was due to lower revenues and higher loan loss provisions of EUR 703 million in this quarter, reflecting the impact of COVID-19. However, quarter-on-quarter (QoQ) operating income increased by 3% and provisions declined by EUR 403 million. The Bank also announced a st...
- Elisabeth Rudman
- Sonja Forster
- Elisabeth Rudman
- Sonja Forster
- Elisabeth Rudman
- Lito Chousiada
- Sonja Forster
- Vitaline Yeterian
ABN Amro: Q1 2020 Loss on Lower Income and Jump in Provisions
ABN Amro Bank N.V. (ABN Amro or the Bank) reported a net loss of EUR 395 million in Q1 2020, compared to a gain of EUR 478 million in Q1 2019. The drop was primarily driven by lower revenue and significant loan loss provisions of EUR 1.1 billion in this quarter, reflecting the deterioration in economic conditions due to the COVID-19 pandemic and the decline in oil price. The ongoing revenue pressure from the low interest rate environment continues. ABN Amro's income before provisions and taxes ...
- Elisabeth Rudman
- Vitaline Yeterian
European Banking: Key Themes in 2020
With prolonged ultra-low interest rates affecting European banks’ revenues, in 2020 it will be key for banks to reduce operating costs further, while maintaining necessary investments in IT, regulatory and compliance requirements. Other key themes that DBRS Morningstar considers important in 2020 include the importance of banks having adequate controls in place to manage operational risks, regulators and investors making increasing demands on banks to recognise the impact of climate change, an...
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
HSBA HSBC HOLDINGS PLC
LYG.. LLOYDS BANKING GROUP PLC ADS
LLOY LLOYDS BANKING GROUP PLC
BARC DEUTSCHE TELEKOM AG
DTE NATWEST GROUP PLC
NWG BANCO SANTANDER S.A.
SAN BANCO BILBAO VIZCAYA ARGENTARIA S.A.
BBVA SWEDBANK AB ADS
SWDBY COÖPERATIEVE RABOBANK U.A.
RABO SOCIÉTÉ GÉNÉRALE
2908Z S.A.
BBV/D BANCO BILBAO VIZCAYA ARGENTARIA
BBVXF S.A.
1111Z ING BANK N.V.
44250Z DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK
CRARY CREDIT AGRICOLE S.A. ADS
CRARF CRÉDIT AGRICOLE S.A.
167214Z SKANDINAVISKA ENSKILDA BANKEN AB
SWEDA SWEDBANK AB (PUBL)
SHBA SVENSKA HANDELSBANKEN AB (PUBL)
1211M BARCLAYS PLC
BCSYF ABN AMRO BANK N.V.
3531454Z ROYAL BANK OF SCOTLAND GROUP PLC
RBOS THE
BNPQF BNP PARIBAS SA
- Elisabeth Rudman
- Vitaline Yeterian
BNP BNP PARIBAS SA CLASS A
DBK DEUTSCHE BANK AG
HSBA HSBC HOLDINGS PLC
LYG.. LLOYDS BANKING GROUP PLC ADS
LLOY LLOYDS BANKING GROUP PLC
BARC DEUTSCHE TELEKOM AG
DTE NATWEST GROUP PLC
NWG BANCO SANTANDER S.A.
SAN BANCO BILBAO VIZCAYA ARGENTARIA S.A.
BBVA SWEDBANK AB ADS
SWDBY COÖPERATIEVE RABOBANK U.A.
RABO SOCIÉTÉ GÉNÉRALE
2908Z S.A.
BBV/D BANCO BILBAO VIZCAYA ARGENTARIA
BBVXF S.A.
1111Z ING BANK N.V.
44250Z DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK
CRARY CREDIT AGRICOLE S.A. ADS
CRARF CRÉDIT AGRICOLE S.A.
167214Z SKANDINAVISKA ENSKILDA BANKEN AB
SWEDA SWEDBANK AB (PUBL)
SHBA SVENSKA HANDELSBANKEN AB (PUBL)
1211M BARCLAYS PLC
BCSYF ABN AMRO BANK N.V.
3531454Z ROYAL BANK OF SCOTLAND GROUP PLC
RBOS THE
BNPQF BNP PARIBAS SA
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