ABN AMRO Bank reports Q3 net profit of EUR 690 million with strong growth

From GlobeNewswire: 2024-11-13 01:01:08

ABN AMRO Bank reported a net profit of EUR 690 million in Q3 2024, with a return on equity of 11.6%. The bank experienced growth in its mortgage portfolio, net interest income, and fee and commission income. Costs remained under control, while credit quality and capital position remained strong. The bank postponed its assessment of potential share buybacks to Q2 2025 due to regulatory changes. CEO Robert Swaak highlighted the bank’s focus on customer experience and sustainability, with investments in biomethane plants and climate-tech growth. ABN AMRO also received recognition for its client focus and cyber security efforts.



Read more at GlobeNewswire: ABN AMRO Bank posts net profit of EUR 690 million in Q3