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ABN Amro Bank NV

ABNd.AS

Latest Trade

12.60EUR

Change

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Today's Range

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52 Week Range

7.40

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13.26

As of on the Euronext Amsterdam Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

UMG Announces Change Of CSD To Euroclear Nederland

Nov 22 (Reuters) - UNIVERSAL MUSIC GROUP NV <UMG.AS>::UNIVERSAL MUSIC GROUP N.V. ANNOUNCES CHANGE OF CENTRAL SECURITIES DEPOSITORY TO EUROCLEAR NEDERLAND.HAS INITIATED PROCESS OF CHANGING ITS CENTRAL SECURITIES DEPOSITORY (CSD) TO EUROCLEAR NEDERLAND, WITH AN EXPECTED EFFECTIVE DATE OF DECEMBER 15, 2021.WITH CHANGE TO EUROCLEAR NEDERLAND, ALL SHARES HELD IN EUROCLEAR FRANCE SYSTEM WILL BE TRANSFERRED TO BOOK-ENTRY SECURITIES SETTLEMENT SYSTEM OPERATED BY EUROCLEAR NEDERLAND.ABN AMRO BANK N.V., DEPARTMENT CORPORATE BROKING & ISSUER SERVICES (ABN AMRO) HAS BEEN APPOINTED TO ACT AS UMG'S NEW LISTING AGENT.DATE ON WHICH CHANGE OF LISTING AGENT, ISSUER SERVICES PROVIDER AND REGISTRAR IS EXPECTED TO BE IMPLEMENTED IS DECEMBER 15, 2021.

ABN Amro Q3 Operating Result Down At EUR 432 Mln

Nov 10 (Reuters) - ABN AMRO BANK NV <ABNd.AS>::ABN AMRO REPORTS NET PROFIT OF EUR 343 MILLION IN Q3 2021.NET PROFIT EUR 343 MILLION; RETURN ON EQUITY 6.5% IN Q3 2021, 7.8% EXCLUDING CIB NON-CORE.COST OF RISK FOR 2021 EXPECTED TO BE AROUND NIL AS CREDIT ENVIRONMENT REMAINS BENIGN.END-Q3 STRONG CAPITAL POSITION, BASEL III CET1 RATIO OF 17.8% (BASEL IV CET1 OF AROUND 16%).Q3 OPERATING INCOME EUR 1.73 BILLION VERSUS EUR 2.21 BILLION YEAR AGO.Q3 OPERATING RESULT EUR 432 MILLION VERSUS EUR 850 MILLION YEAR AGO.WE ARE IN A CONSTRUCTIVE DIALOGUE WITH THE REGULATOR ON POTENTIAL SHARE BUYBACKS AFTER THE FY 2021 RESULTS HAVE BEEN ANNOUNCED.Q3 NET PROFIT EUR 343 MILLION VERSUS EUR 301 MILLION YEAR AGO.Q3 2021: PROVISION FOR COMPENSATION SCHEME REGARDING REVOLVING CONSUMER CREDIT WITH FLOATING INTEREST RATE WAS INCREASED BY EUR 217 MILLION.Q3 2021 INCLUDED A POSITIVE REVALUATION OF EUR 26 MILLION FOR A CLAIM ON THE DSB BANKRUPTCY ESTATE.Q3 IMPAIRMENT CHARGES SHOWED A NET RELEASE OF EUR 12 MILLION (Q3 2020: EUR 270 MILLION ADDITION).Q3 PERSONNEL EXPENSES TOTALLED EUR 575 MILLION (Q3 2020: EUR 658 MILLION, INCLUDING EUR 105 MILLION IN RESTRUCTURING PROVISIONS, ALMOST FULLY FOR THE CIB NON-CORE WIND-DOWN).Q3 NET INTEREST INCOME EUR 1.20 BLN VS EUR 1.47 BLN YEAR AGO.

ABN Amro Says Most Clients Will Receive Compensation Of EUR 50 To 1,750

Sept 6 (Reuters) - ABN AMRO BANK NV <ABNd.AS>::ABN AMRO COMPENSATES CONSUMERS WHO PAID TOO MUCH INTEREST ON REVOLVING CONSUMER CREDITS WITH FLOATING RATES.HAS PROVIDED AROUND EUR 250 MILLION FOR THE INTEREST TO BE COMPENSATED AND THE COSTS INCURRED IN CARRYING OUT THE SCHEME.EXPECTS TO COMPENSATE EVERY CLIENT CONCERNED BY THE END OF 2022.VAST MAJORITY OF THE CLIENTS WILL RECEIVE COMPENSATION OF BETWEEN EUR 50 AND EUR 1,750.APPROXIMATELY 15% OF ALL CLIENTS WITH A REVOLVING CREDIT FACILITY IN SCOPE ARE ELIGIBLE FOR COMPENSATION.

ABN Amro Q2 Net Result Turns To Profit Of EUR 393 Million

Aug 11 (Reuters) - ABN Amro Bank NV <ABNd.AS>::REG-ABN AMRO REPORTS NET PROFIT OF EUR 393 MILLION IN Q2 2021 nL1N2PI0AO.OPERATING PERFORMANCE IN LINE WITH PREVIOUS QUARTERS; NET IMPAIRMENT RELEASE OF EUR 79 MILLION.Q2 RETURN ON EQUITY OF 7.6% IN SPITE OF CONTINUED PRESSURE ON NET INTEREST INCOME AND INCIDENTALS.FINAL 2019 DIVIDEND OF EUR 0.68 PER SHARE TO BE PAID IN OCTOBER 2021.WELL AHEAD OF PLAN IN CIB NON-CORE WIND-DOWN; OVER 80% REDUCTION, SUPPORTED BY LOAN DISPOSALS.FULL-YEAR COST OF RISK EXPECTED TO BE WELL BELOW THROUGH--CYCLE GUIDANCE OF 25-30 BPS.VERY STRONG CAPITAL POSITION, BASEL CET1 RATIO OF 18.3% (BASEL IV AROUND 16%).Q2 OPERATING INCOME EUR 1.73 BILLION VERSUS EUR 1.99 BILLION YEAR AGO.MAKING PROGRESS IN EXECUTING OUR STRATEGY TO BE A PERSONAL BANK IN THE DIGITAL AGE.Q2 OPERATING RESULT EUR 504 MILLION VERSUS EUR 786 MILLION YEAR AGO.WE WILL PAY FINAL 2019 DIVIDEND OF EUR 0.68 PER SHARE IN OCTOBER 2021.WE ARE WELL AHEAD OF PLAN IN WIND-DOWN OF CIB NON-CORE PORTFOLIO WHICH HAS BEEN REDUCED BY OVER 80% SINCE Q2 2020, SUPPORTED BY LOAN DISPOSALS-CEO.MEANWHILE WE EXPECT TO REDUCE CURRENT PORTFOLIO OF AROUND 1,300 PRODUCTS BY AT LEAST 50% BY 2024-CEO.

ABN Amro To Sell Portfolio Of U.S. Intermodal And Shipping Loans

July 12 (Reuters) - ABN Amro Bank NV <ABNd.AS>::ABN AMRO TO SELL PORTFOLIO OF US INTERMODAL AND SHIPPING LOANS.TO SELL PORTFOLIO OF INTERMODAL AND SHIPPING LOANS IN US, WITH TOTAL VOLUME OF AROUND $700 MILLION (AS AT 30 JUNE 2021) TO CREDIT AGRICOLE CIB.THE SALE ACCELERATES THE WIND-DOWN OF THE BANK’S NON-CORE ACTIVITIES..LOANS WILL BE SOLD AT AROUND BOOK VALUE, RESULTING IN A NEGLIGIBLE IMPACT ON THIRD-QUARTER PROFIT AND LOSS.THERE WILL BE A SMALL POSITIVE IMPACT ON BANK'S CAPITAL RATIOS.

ABN Amro Launches Fund For Sustainable Impact Companies

June 22 (Reuters) - ABN AMRO BANK NV <ABNd.AS>::LAUNCHES 425 MILLION EURO FUND FOR SUSTAINABLE IMPACT COMPANIES.ABN AMRO SIF WILL MAKE PRIVATE EQUITY INVESTMENTS OF 4 TO 30 MILLION EUROS IN COMPANIES THAT HAVE A PROVEN BUSINESS MODEL AND THAT ARE READY FOR THE NEXT PHASE OF THEIR GROWTH.FUND WILL ALSO MAKE VENTURE CAPITAL INVESTMENTS RANGING FROM 500,000 EUROS TO 4 MILLION EUROS IN COMPANIES WITH A PROVEN CONCEPT.Further company coverage: [ABNd.AS]. (Gdansk Newsroom). ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;)).

ABN AMRO To Sell Maas Capital

June 8 (Reuters) - ABN AMRO Bank NV <ABNd.AS>::ABN AMRO TO SELL MAAS CAPITAL.ABN AMRO IS SET TO SELL MAAS CAPITAL, AN INDEPENDENT SUBSIDIARY OF THE BANK, TO INVESTMENT VEHICLES MANAGED BY ENTRUST GLOBAL.TRANSACTION WILL HAVE A NEGLIGIBLE IMPACT ON THE BANK’S PROFIT AND LOSS.CLOSING OF THE TRANSACTION IS ENVISAGED TO TAKE PLACE IN Q3 2021 AND IS EXPECTED TO HAVE A LIMITED NET POSITIVE IMPACT ON CAPITAL RATIOS.Further company coverage: [ABNd.AS]. (Gdansk Newsroom). ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;)).

Lars Kramer Appointed As CFO Of ABN Amro Bank

May 31 (Reuters) - ABN Amro Bank NV <ABNd.AS>::LARS KRAMER APPOINTED AS CFO OF ABN AMRO BANK .Further company coverage: [ABNd.AS]. (Gdansk Newsroom). ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;)).

ABN Amro Bank Q1 NII Down At EUR 1.36 Bln

May 12 (Reuters) - ABN Amro Bank NV <ABNd.AS>::Q1 NET INTEREST INCOME WAS EUR 1,363 MILLION (Q1 2020: EUR 1,527 MILLION).Q1 NII YTD DECLINE MAINLY ATTRIBUTABLE TO CONTINUED PRESSURE ON DEPOSIT MARGINS AND CIB NON-CORE WIND-DOWN, AND WAS PARTLY OFFSET BY LOWER THRESHOLD FOR CHARGING NEGATIVE INTEREST RATES.CIB NON-CORE IMPAIRMENTS REMAIN UNCERTAIN BUT ARE EXPECTED TO BE SIGNIFICANTLY BELOW LAST YEAR.WE EXPECT STRONG ECONOMIC REBOUND LATER THIS YEAR AS LOCKDOWN RESTRICTIONS EASE, PROVIDED THE VACCINATION PROGRAMME PROGRESSES STEADILY - CEO.Q1 NET FEE AND COMMISSION INCOME INCREASED ON THE PREVIOUS QUARTER, TOTALLING EUR 406 MILLION (Q4 2020: EUR 387 MILLION), MAINLY DUE TO STRONG TRADE VOLUMES AND MARKET VOLATILITY, AND HIGHER ASSET MANAGEMENT FEE INCOME.Further company coverage: [ABNd.AS]. (Gdansk Newsroom). ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;)).

ABN Amro Bank Q1 Net Loss Narrows To EUR 54 Million

May 12 (Reuters) - ABN Amro Bank NV <ABNd.AS>::REG-ABN AMRO REPORTS MODEST LOSS OF EUR 54 MILLION IN THE FIRST QUARTER.Q1 NET LOSS -54 MILLION EUR.NET LOSS OF EUR 54 MILLION INCLUDED AML SETTLEMENT OF EUR 480 MILLION RECORDED IN Q1.Q1 OPERATIONAL PERFORMANCE IN LINE WITH PREVIOUS QUARTERS; NET IMPAIRMENT RELEASE OF EUR 77 MILLION.FULL-YEAR COST OF RISK (EXCLUDING CIB NON-CORE) AT OR BELOW THROUGH--CYCLE GUIDANCE OF 25-30 BASIS POINTS.BASEL IV THRESHOLD OF 15% FOR SHARE BUYBACKS TO BE RECALIBRATED AT Q4 2021; STAND READY TO PAY FY 2019 DIVIDEND.STRONG CAPITAL POSITION; BASEL III CET1 RATIO OF 17.4% (BASEL IV ABOVE 15%).Q1 NET INTEREST INCOME WAS IMPACTED BY CONTINUED PRESSURE ON DEPOSIT MARGINS AND LOWER CORPORATE LOAN VOLUMES AS CIB NON-CORE PORTFOLIO WAS WOUND DOWN FURTHER.IMPAIRMENTS SHOWED A NET RELEASE OF EUR 77 MILLION FOR Q1 AS CREDIT QUALITY REMAINED STABLE WHILE GOVERNMENT SUPPORT CONTINUED.WE EXPECT THAT 2021 COST OF RISK FOR BANK (EXCLUDING CIB NON-CORE) WILL BE AT OR BELOW THROUGH--CYCLE GUIDANCE OF 25-30 BASIS POINTS.CIB NON-CORE IMPAIRMENTS REMAIN UNCERTAIN BUT ARE EXPECTED TO BE SIGNIFICANTLY BELOW LAST YEAR.Q1 OPERATING INCOME EUR 1.85 BILLION VERSUS EUR 1.92 BILLION YEAR AGO.Q1 OPERATING RESULT EUR 4 MILLION VERSUS EUR 624 MILLION YEAR AGO.WE RECONFIRM OUR OVERALL COST GUIDANCE.BASEL IV THRESHOLD FOR SHARE BUYBACKS, CURRENTLY AT 15%, WILL BE RECALIBRATED AT Q4 2021.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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