Abn Amro: net profit of E642m in Q2

(CercleFinance.com) - Net profit amounted to E642m in Q2 2024, representing a return on equity of almost 11%.


Net interest income was strong at E1,608m; the group now expects net interest income to exceed E6.4bn for the full year, due to higher interest rates for longer.

The increase in the number of new customers and net growth of E1.6bn in the mortgage loan portfolio led to a 20% market share gain in the production of new mortgages. The corporate loan portfolio grew by E0.7bn.

The Basel III CET1 ratio stands at 13.8%, and the Basel IV CET1 ratio is around 14%.

The interim dividend has been set at E0.60 per share, or E500m.


Copyright (c) 2024 CercleFinance.com. All rights reserved.