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ABN Amro: net profit up over 50% in Q4

( - For Q4 2023, ABN Amro Bank reported a 54% rise in net profit to E545m and a 12% increase in operating profit to E580m, with operating income up 10% to E2.

The financial institution thus generated FY net profit of E2.7bn, representing a 12.2% return on equity, and ended the year with a Bales III CET1 solvency ratio of 14.3%.

The Dutch bank will therefore propose a final cash dividend of E0.89 per share, and will continue its share buyback program, with a third package of E500m.

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