ABN Amro: Q3 net income of E690m
(CercleFinance.com) - ABN Amro reports that its Q3 net interest income reached E1,638m, up slightly from a year ago (E1,533m).
The Dutch banking group reports a very slight rise in operating income, from E2,211m to E2,253m, but net profit, group share of E690m (vs. E759m a year ago), giving EPS of E0.78, compared with E0.85 previously.
Lastly, the CET1 ratio (Basel 3) stood at 14.1% (14% with Basel 4).
The resilient Dutch economy and the buoyant real estate market continued to underpin our performance, CEO Robert Swaak said.
We are in the process of simplifying our model landscape while preparing for the implementation of Basel IV. Implementing these complex regulatory changes is taking longer than expected and, as they influence our planned Q4 capital assessment, we have decided to postpone this assessment until Q2 2025, he concludes.
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The Dutch banking group reports a very slight rise in operating income, from E2,211m to E2,253m, but net profit, group share of E690m (vs. E759m a year ago), giving EPS of E0.78, compared with E0.85 previously.
Lastly, the CET1 ratio (Basel 3) stood at 14.1% (14% with Basel 4).
The resilient Dutch economy and the buoyant real estate market continued to underpin our performance, CEO Robert Swaak said.
We are in the process of simplifying our model landscape while preparing for the implementation of Basel IV. Implementing these complex regulatory changes is taking longer than expected and, as they influence our planned Q4 capital assessment, we have decided to postpone this assessment until Q2 2025, he concludes.
Copyright (c) 2024 CercleFinance.com. All rights reserved.