ABN Amro: Q4 net profit down 27%.
(CercleFinance.com) - ABN Amro reports that net interest income for Q4 totaled E1,668m, up 11% y-o-y (E1,504m).
Fee and commission income also rose by 11%, to E500m.
The Dutch banking group reported a 10% increase in quarterly operating income, to E2,240m, but a 27% fall in net income, group share, to E397m (vs. ME545 a year earlier), with EPS of 0.43 euro, compared with 0.6 euro previously. Operating expenses rose by 10% to ME 1,614.
Finally, the CET1 ratio (Basel 3) stood at 14.5% (14% with Basel 4).
For the full year, ABN Amro posted net income, group share of ME 2,403, down 11%, with EPS of E2.72 (vs. E2.99 previously).
ABN Amro has posted another solid result for the full year, with a net profit of E2.4bn for 2024 and over a 10% return on equity, management highlights, in particular growth in net interest income and fee income.
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