‘Robust bank’ ABN Amro books net profit of €2bn in 2016
ABN Amro booked net profit of over €2bn in 2016, a rise of 8% on the previous year, the bank said in a statement on Wednesday.
Underlying net profit in the fourth quarter reached €333m, a rise of 23% on the same period in 2015 after restructuring costs of €153m.
‘‘The fourth-quarter results are solid. We are a financially healthy and robust bank,’ said new chief executive Kees van Dijkhuizen. ‘This past quarter we achieved loan growth in all of our major loan books.’
The bank is also the number one provider of new mortgages in the Netherlands for the second consecutive year, Van Dijkhuizen said.
Last November, previous CEO Gerrit Zalm announced a new cost cutting round which would include a further 1,500 job losses. The bank is also reducing its senior management layer by some 60 jobs.
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