ABN AMRO Bank N.V. (0RDM.IL)
- GlobeNewswire
Correction: ABN AMRO Bank posts net profit of EUR 674 million in Q1 2024
[Replacement of outdated attachement Q-report with minor non-material changes] ABN AMRO Bank posts net profit of EUR 674 million in Q1 2024 Q1 - Key messages of the quarter Very strong result with a net profit of EUR 674 million, driven by net interest income, fee income and low cost of riskBusiness momentum remained good; our mortgage loan book grew by EUR 0.8 billion and our corporate loan book by EUR 0.3 billion. We were market leader in mortgages in Q1Continued strong net interest income as
- Reuters
UPDATE 2-Upbeat earnings lift STOXX 600 to record high, real estate stocks shine
Europe's main share index notched a record high on Wednesday, as investors cheered robust earnings from the likes of UK's Experian and Germany's Commerzbank, while rate-sensitive stocks got a boost after a softer-than-expected U.S. inflation print. The pan-European STOXX 600 was up 0.6%, with Germany's DAX and France's CAC 40 index also closing at all-time highs.
- Reuters
ABN Amro shares slide as weaker capital overshadows profit beat
Dutch bank ABN Amro reported a weaker capital ratio in the first quarter due to an increase in risk-weighted assets, sending its shares more than 5% lower on Wednesday and overshadowing a better than forecast net profit. ABN Amro's CET1 ratio, a measure of capital strength for European banks that compares core capital against risk-weighted assets, fell to 13.8% as of March 31, from 15.0% a year ago, and was below analysts' estimates of 14.3%. "The lower CET1 ratio at 13.8% leaves a lot less room for share buybacks to target a CET1 ratio of 13.5% by 2026," said ING analysts in a note.
