ABN AMRO reports net profit of EUR 690 million in Q3 2024.

From GlobeNewswire: 2024-11-13 01:01:00

ABN AMRO reported a net profit of EUR 690 million in Q3 2024. Key highlights include a return on equity of 11.6%, growth in the mortgage portfolio by EUR 1.6 billion, improved net interest income, and strong fee income. The bank’s capital position remains robust with Basel III CET1 ratio at 14.1%. CEO Robert Swaak commended the bank’s strong performance in a resilient Dutch economy.

ABN AMRO’s operating income in Q3 2024 was EUR 2.253 million, a 2% increase from the previous year. Operating expenses rose by 9% to EUR 1.334 million, resulting in an operating result of EUR 920 million. Despite a decrease in impairment charges on financial instruments, the bank’s profit for the period was EUR 690 million, representing an 9% decrease compared to Q3 2023. The cost/income ratio was 59.2% and the return on equity stood at 11.6%.

CEO Robert Swaak emphasized the bank’s commitment to customer experience and sustainability, highlighting investments in green projects and partnerships to support the transition to a sustainable economy. ABN AMRO’s focus on innovation and customer-centric approach has earned recognition from external parties, reinforcing its position as a leader in the financial sector. The bank aims to continue improving its services and supporting clients in their sustainability goals.



Read more at GlobeNewswire:: ABN AMRO rapporteert nettowinst van EUR 690 miljoen in Q3