ABN Amro: Q2 net profit inches up
(CercleFinance.com) - ABN Amro has reported Q2 2019 net profit of 693 million euros, up 1% y-o-y, reflecting, "reflecting solid operational performance and moderate impairments".
"Interest rates continued to come down in the last quarter, predominantly impacting deposit margins", CEO Kees van Dijkhuizen said. "We remain focused on our targets in a challenging environment".
Boasting a solid capital position, with a CET1 ratio of 18%, the Dutch financial institution has set an interim dividend at 0.60 euro per share, i.e. 50% of its interim net profit.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
"Interest rates continued to come down in the last quarter, predominantly impacting deposit margins", CEO Kees van Dijkhuizen said. "We remain focused on our targets in a challenging environment".
Boasting a solid capital position, with a CET1 ratio of 18%, the Dutch financial institution has set an interim dividend at 0.60 euro per share, i.e. 50% of its interim net profit.
Copyright (c) 2019 CercleFinance.com. All rights reserved.