Dutch banking giant ABN Amro reported a 6% decline in Q2 net profit to €606 million, down from €642 million a year earlier, citing lower interest income as a key factor. The bank’s net interest income fell 5% to €1.53 billion, with its margin narrowing to 149 basis points. However, fee-based income rose 6% to €492 million, driven by revised pricing in retail banking. Despite the profit drop, ABN Amro announced a €250 million share buyback program, starting August 7, backed by a robust CET1 capital ratio of 14.8%.
Strategic Growth Amid Challenges
The bank’s mortgage portfolio grew by €1.8 billion to €160 billion, reflecting resilience in the Dutch housing market. ABN Amro also confirmed an interim dividend of €0.54 per share, payable in September. Strategic moves included completing a German wealth management acquisition and plans to launch a neobank targeting younger customers. The bank maintained its full-year cost guidance of €5.3–5.4 billion, with further capital optimization plans slated for Q4.
Ad
ABN Amro Stock: Buy or Sell?! New ABN Amro Analysis from June 23 delivers the answer:
The latest ABN Amro figures speak for themselves: Urgent action needed for ABN Amro investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from June 23.
ABN Amro: Buy or sell? Read more here...
