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ABN Results Good On Credit, Capital Slightly Lower

FINANCIALS

ABN-Amro (ABNANV: Baa1/BBB/A) results headlines are good with costs and loan losses driving a meaningful profit beat. Revenues are inline. CET1 is slightly below, however.


  • ABN AMRO 1Q OPER INCOME EU2.20B, EST. EU2.13B
  • ABN AMRO 1Q Impairment Charges EUR3M (est. 84m)
  • ABN AMRO 1Q CET1 RATIO 13.8%, EST. 14.2%
  • ABN AMRO Still Guides 2024 Net Interest Income in Line With 2023's EUR6.3B (cons: 6.2bn)
  • ABN AMRO STILL SEES 2026 CET1 RATIO 13.5% (est. 14.3%)

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