简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Dutch bank ABN Amro beat analyst expectations on Wednesday with a jump of 21% in second-quarter net profit to 475 million euros ($485 million), as the release of previous impairments offset rising costs.
ABNs earnings were lifted by an economic recovery in the Netherlands, which stimulated demand for corporate and mortgage loans and improved the credit quality of existing clients.
This mitigated an 8% increase in operating expenses, driven by rising costs of anti-money laundering efforts and investments relating to regulatory changes.
Costs came in higher than analysts estimates, while net interest income slightly missed expectations as it dropped 3% to 1.27 billion euros.
Still, the lender said it expects net interest income to bottom out in the second half of the year as interest rates climb, leading to a total interest income of around 5.2 billion euros for the full year.
ABN, one of three dominant banks in the Netherlands, had previously guided for net interest income of around 5.1 billion euros.
ABN said the European Central Bank had approved a potential share buyback worth 250 million euros, conditional on the potential sale of shares by the Dutch state, which still holds a 56% stake.
($1=0.9793 euros)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Analyzing last year's trading data offers invaluable insights into market trends, helps refine trading strategies, and enhances decision-making for future trades.
For new traders entering the world of forex, choosing the right broker is one of the most crucial decisions they’ll make. A reliable broker can serve as a trusted partner, providing a platform that’s secure, transparent, and regulated. However, with thousands of options available, selecting the right broker can be overwhelming. That is why WikiFX is here to make things easy for you!
In the world of online trading, a common misconception persists: trading is often seen as no different from gambling. This belief is particularly prevalent among newcomers, who may view the financial markets as a fast-paced game where winning is just a matter of luck. But trading, when done correctly, is far from mere chance!
Saxo Singapore will discontinue SaxoWealthCare and SaxoSelect by December 2024, advising clients to withdraw funds and offering alternative investment options.