ABN Amro profit climbs to €781m as fees, lending grow
See more DutchNews articles in your Google search results
See more DutchNews articles in your Google search results
Add as a favourite source on Google Add DutchNews as a favourite source on GoogleABN Amro has booked net profit of €781 million in the second quarter, up 29% on the same period last year and ahead of analyst forecasts, the bank said on Wednesday.
Analysts had expected earnings of around €686 million. The result beat even the highest forecast in that consensus, and shares in the group rose more than 5% to a record high.
The bank, which is now around one-fifth owned by the Dutch state after reducing its stake following the 2008 financial crisis, is in the process of a reorganisation that will cut 5,200 jobs by 2028.
The state is close to recouping the full €21.7 billion cost of the 2008 nationalisation of the bank, following a share price rally that took the bank’s stock above €40 this week.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation