ABN Amro: Q1.2022 earnings up 21%
(CercleFinance.com) - The Dutch bank ABN Amro has reported net profit of 475 million euros for Q2 2022, up 21%, with a return on equity (ROE) of 8.
8%, up from 7.6% a year ago.
Net interest income fell by 3% to 1.27 billion euros, mainly due to lower prepayment penalties on mortgage loans and higher hedging costs.
However, fee and commission income increased 12% y-o-y to 448 million euros, thanks to higher transaction volumes in payments and strong clearing results.
Having a continued strong capital position, with a fully loaded Basel III CET1 ratio of 15.5%, and making continued progress towards its 2024 targets, ABN Amro has set its interim dividend at 0.32 euro per share.
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