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ABN AMRO Group NV (ABNd.AS)

ABNd.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ABN Amro seeks subsidiary for clearing bank ahead of Brexit
Wednesday, 21 Nov 2018 

AMSTERDAM, Nov 21 (Reuters) - ABN Amro :* ABN Amro says in event of hard Brexit its clearing bank might not be able to access exchanges in Britain.* ABN Amro Clearing bank therefore has decided to set up a subsidiary in Britain, it said and is "discussing the set up with the UK authorities".* The subsidiary will ensure the ongoing access of ABN Amro Clearing Bank to exchanges and CCPs (central counterparty clearing), the bank said.* The subsidiary set up is for ABN Amro Clearing Bank and not ABN Amro Bank as a whole, it said..  Full Article

ABN AMRO To Sell Part Of Its Stake In Investment Funds Of ABN AMRO Participaties
Friday, 16 Nov 2018 

Nov 16 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO SELLS PART OF ITS STAKE IN THE INVESTMENT FUNDS OF ABN AMRO PARTICIPATIES (AAP).BANK REMAINS INVOLVED THROUGH MINORITY INVESTMENT IN EXISTING PORTFOLIO.TRANSACTION DOES NOT HAVE A MATERIAL IMPACT ON ABN AMRO'S RESULTS..  Full Article

ABN AMRO Says They Are On Track For Cost Savings By 2020
Friday, 16 Nov 2018 

Nov 16 (Reuters) - ABN AMRO GROUP NV ::SAYS ON TRACK FOR COST SAVINGS BY 2020, AROUND EUR 50 MILLION OF RESTRUCTURING CHARGES FORESEEN IN Q4 2018.TARGETS: FLATTISH LOAN BOOK IN 2019-20 PERIOD, MODERATE GROWTH IN THE MEDIUM TERM.NEW COST/INCOME TARGET <55% BY 2022.SAYS LEGAL MERGER OF ABN AMRO GROUP AND ABN AMRO BANK TO BE EXPLORED.BASEL III CAPITAL TARGET RANGE 2019 UNCHANGED AT 17.5-18.5%, SUBJECT TO 2019 SREP REQUIREMENT.WELL ON TRACK TO ACHIEVE ALL OF OUR FOUR FINANCIAL TARGETS FOR 2020.FINAL DECISION ON THE 2018 DIVIDEND WILL BE TAKEN AT THE TIME OF THE FY 2018 RESULTS.WELL-PLACED TO CONSIDER ADDITIONAL DIVIDENDS, ON TOP OF 50% OF SUSTAINABLE PROFIT.WE EXTEND CURRENT CAPITAL RANGE TO 2019 AND WE SET AN ADDITIONAL C/I TARGET FOR 2022.  Full Article

ABN AMRO Q2 Underlying Net Profit At 688 Million Euros
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO REPORTS NET PROFIT OF EUR 688 MILLION FOR Q2 2018.INTERIM DIVIDEND HAS BEEN SET AT EUR 0.65 PER SHARE.Q2 NET INTEREST INCOME REMAINED STRONG, DESPITE LOW INTEREST RATE ENVIRONMENT.CIB UPDATE: RWA REDUCTION OF 5 BILLION AND EUR 80 MILLION COST SAVINGS.PRIVATE BANKING ACQUISITION IN BELGIUM OF EUR 6 BILLION IN ASSETS UNDER MANAGEMENT.Q2 IMPAIRMENTS WERE WELL BELOW PREVIOUS QUARTER, ALTHOUGH STILL ELEVATED.EXPECTS CAPITAL GENERATION TO CONTINUE, IMPROVING POSITION TO DISTRIBUTE CAPITAL IN ADDITION TO TARGETED DIVIDEND PAY-OUT OF 50% OF PROFIT.Q2 OPERATING INCOME EUR 2.29 BILLION VERSUS EUR 2.49 BILLION YEAR AGO.Q2 STRONG CAPITAL POSITION WITH CET1 RATIO OF 18.3% DUE TO ACTIVE BALANCE SHEET MANAGEMENT.CONTINUES TO EXPECT FULL-YEAR IMPAIRMENTS TO BE BELOW THROUGH-CYCLE AVERAGE OF 25-30 BASIS POINTS.Q2 OPERATING RESULT EUR 1.03 BILLION VERSUS EUR 1.12 BILLION YEAR AGO.Q2 FULLY LOADED CET1 RATIO 18.3 PERCENT VERSUS 17.6 PERCENT YEAR AGO.WELL ON TRACK AND CONTINUE TO MOVE FORWARD IN ACHIEVING STRATEGIC PRIORITIES AND FINANCIAL TARGETS.Q2 UNDERLYING NET PROFIT EUR 688 MILLION VERSUS EUR 960 MILLION YEAR AGO.  Full Article

ABN Amro to cut its corporate banking activities - report
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Dutch newspaper De Telegraaf::ABN AMRO TO ANNOUNCE DEEP CUT IN ITS CORPORATE BANKING ACTIVITIES WITH Q2 RESULTS ON WEDNESDAY - SOURCES SAY.ABN AMRO HAS CONSIDERED SHEDDING UP TO HALF OF ITS CORPORATE BANKING ACTIVITIES - SOURCES .ABN AMRO IN DEC 2017 SAID IT WOULD REVIEW THE PERFORMANCE OF ITS CORPORATE BANK IN LIGHT OF NEW BANKING REGULATIONS.ABN AMRO SAID IT WOULD WEIGH THE FUTURE OF ITS CLEARING BUSINESS AND OF ITS EXPOSURE TO INTERNATIONAL SHIPPING AND ENERGY COMPANIES.ABN AMRO CORPORATE AND INSTITUTIONAL BANKING NET PROFIT WAS 221 MILLION EUROS ($255.9 MILLION) IN 2017; 8 PCT OF ABN'S TOTAL NET PROFIT.ABN AMRO SHARES UP 0.3 PCT AT 23.40 EUROS AT 0906 GMT .($1 = 0.8637 euros).  Full Article

ABN Amro Group Supervisory Board Appointed Tom De Swaan As Its Chairman
Thursday, 12 Jul 2018 

July 12 (Reuters) - ABN AMRO Group NV ::SUPERVISORY BOARD APPOINTED TOM DE SWAAN AS CHAIRMAN OF SUPERVISORY BOARD OF ABN AMRO.  Full Article

ABN Amro Nominates Tom De Swaan As New Chairman Of The Supervisory Board
Friday, 25 May 2018 

May 25 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO NOMINATES TOM DE SWAAN AS NEW CHAIRMAN OF THE SUPERVISORY BOARD.TOM DE SWAAN TO BE APPOINTED FOR A PERIOD OF FOUR YEARS.APPOINTMENT IS SUBJECT TO APPROVAL BY REGULATORS.  Full Article

ABN Amro And Payconiq End Collaboration Talks‍​
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO AND PAYCONIQ DISCONTINUE COLLABORATION TALKS‍​.  Full Article

ABN Amro Says Q4 Results To Include Several Incidentals In Operating Income And Expenses​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - ABN AMRO GROUP NV ::‍Q4 2017 RESULTS OF ARE EXPECTED TO INCLUDE SEVERAL LARGE INCIDENTALS IN OPERATING INCOME AND OPERATING EXPENSES​.‍AGGREGATE IMPACT OF THESE IDENTIFIED LARGE INCIDENTALS IS EXPECTED TO BE NOT MATERIAL​.RELEASE OF UNEARNED INTEREST AND MORTGAGE PENALTIES EXPECTED TO TOTAL AROUND EUR 125 MILLION.‍SALE OF REMAINING EQUITY STAKE IN VISA INC. SHARES RESULTED IN BOOK GAIN OF EUR 114 MILLION​.‍BENEFITS ARE OFFSET BY THREE PROVISIONS​.AMSTERDAM COURT OF APPEAL RULED AGAINST CO IN CASE WHERE CO RAISED SURCHARGES FOR MORTGAGES WITH EURIBOR INTEREST RATES.ON COURT RULING: ‍EXPECTS TO INCREASE ITS EXISTING PROVISION BY APPROXIMATELY EUR 50M​​.‍RECOVERY FRAMEWORK FOR SME DERIVATIVES-RELATED ISSUES IS MORE EXTENSIVE THAN EXPECTED​.- ‍ON SME: PROJECT COSTS ARE EXPECTED TO RISE WITH ADDITIONAL EUR 80-100 MILLION FOR WHICH PROVISION IS INTENDED​.EXPECT TO TAKE ADDITIONAL RESTRUCTURING PROVISION OF AROUND EUR 100 MILLION RELATED TO REORGANISATION.  Full Article

ABN Amro Says Lease And Commercial Finance Merging Into ABN Amro Asset Based Finance
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - ABN AMRO GROUP NV ::LEASE AND COMMERCIAL FINANCE MERGING INTO ABN AMRO ASSET BASED FINANCE.  Full Article