This morning ABN Amro released its numbers for Q219. Reported profit before loan losses was higher than expected. There remains some uncertainties regarding the wording used by management. The guidance appears mostly bearish with lower net interest income expected in 2020 (vs 2019) and potential fines or instructions in relation to poor customer due diligence processes. (the bank made a €114m CDD provision during H119).
07 Aug 2019
Good Q2 results but uncertain expectations
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Good Q2 results but uncertain expectations
ABN AMRO Bank N.V. Depositary receipts (ABN:WBO) | 0 0 0.0% | Mkt Cap: 11,882m
- Published:
07 Aug 2019 -
Author:
Farhad Moshiri -
Pages:
3
This morning ABN Amro released its numbers for Q219. Reported profit before loan losses was higher than expected. There remains some uncertainties regarding the wording used by management. The guidance appears mostly bearish with lower net interest income expected in 2020 (vs 2019) and potential fines or instructions in relation to poor customer due diligence processes. (the bank made a €114m CDD provision during H119).