ABN AMRO Bank NV

Latest Results (22.12.2024):

Net Profit and Return on Equity

In the third quarter of 2024, ABN AMRO Bank NV reported a net profit of EUR 690 million. This strong performance resulted in a return on equity of 11.6%, driven by improved net interest income and strong fee income. The bank's strategic focus on enhancing profitability continues to yield positive results.

Net Interest Income

ABN AMRO Bank NV's net interest income for Q3 2024 increased to EUR 1,638 million. This growth was supported by a favorable interest rate environment, which improved the bank's Treasury results. The bank's ability to capitalize on market conditions has been a key factor in its financial success this quarter.

Fee and Commission Income

During the third quarter of 2024, ABN AMRO Bank NV saw an 8% increase in net fee and commission income compared to the same period last year. This growth was driven by higher payment services fees within Personal & Business Banking and increased asset management fees at Wealth Management, reflecting the bank's strong client engagement and service offerings.

Cost Management

ABN AMRO Bank NV maintained control over its costs in Q3 2024, despite an anticipated increase due to a new collective labor agreement and resource upscaling. The bank expects full-year costs to be around EUR 5.3 billion, demonstrating its commitment to efficient cost management while investing in strategic initiatives.

Capital Position

In the third quarter of 2024, ABN AMRO Bank NV reported a Basel III CET1 ratio of 14.1% and a Basel IV CET1 ratio of around 14%. The bank's strong capital position reflects its prudent risk management and strategic focus on maintaining a robust financial foundation. The assessment of the capital position and potential share buyback has been postponed to Q2 2025.