Apart from one-off items is almost double compared to the same period last year. It is the best result since ABN Amro in its current form.
For the Dutch state, which nationalized ABN at the height of the credit crisis in 2008, the cash register rings. The bank indicated Friday to pay an interim dividend of 350 million euros to its sole shareholder. ABN is currently preparing for a return to the stock market.
The preparations for the IPO are as CEO Gerrit Zalm on schedule. He reiterated that ABN’s ready, but when the bank right back on the Damrak, is Finance Minister Jeroen Dijsselbloem.
Operating result
Also the operating profit increased, 16 percent to 879 million euros. Interest income also were on the rise due to mortgage refinancing and growth in the commercial loan portfolio. However there were higher costs for pensions, especially in front.
CEO Gerrit Zalm said ABN is well on track to meet its targets for 2017. He said inter alia the improved financial performance and favorable outlook for the Dutch economy.
Capital Requirements
Like other banks ABN braces for stricter capital requirements by regulators. But that’s no reason to put the shareholder dieting. The bank this year will 40 percent of the profits and adds 60 percent to the capital reserve. ” We can afford it, ” said Salmon.
ABN benefited last quarter of the better running Dutch economy. Thus did a lot less money to be put aside for possible losses on loans. Loan loss provisions were 34 million euro even at ‘exceptionally low’ ‘. A year earlier added yet tenfold in the contingency fund.
The decisive factors for the whole 2015 the low amount is not, says financial director Kees van Dijkhuizen. Prior provisions have not been necessary and could be reversed. Those are incidentals, highlights the driver.
Corporate loans
The economic recovery helped especially the division that provides loans to large corporate customers in more profits. But also in smaller companies detects ABN signs of recovery.
The number of loan applications for the first time in years increased slightly due to the increased confidence in the economy, a greater proportion would be successful.
ABN saw both interest income and revenues from services increased. Total revenues increased 11 percent to 2.1 billion euros
But thankfully goes very well with our economy. This does not affect us, according to the government. How naive can you be.
China? How about just gold and silver where it suddenly pops up en masse, now all the currency and equity markets are collapsing? Currency has no value, because the world is constantly in printed without the necessary cover them with anything of value (eg gold).
Stock market traders think differently about economic progress if our government, .. that’s for sure. The euphoria over housing prices is unfounded and we gurgle slowly but steadily for the next crisis. Our government has no idea, it seems ..
Yes, even panic so again can turn into a run on stocks that are cheap now. Because where else gives you something to yield 0.99% on the couch? But it’s been so hard. Allow only 10% of the profits since January.
We live in one very dangerous period. We have the crises ‘solved’ with the same recipe (from nothing to print money) look at the commodities market, allee’s has become cheaper (surplus and less demand) is one pyramid game which again do not know in history! I’m glad I do not have children, but I fear for what is to come. You can feel the tension all over; Russians, IS, the EU and the ‘refugees’ people be warned and ride for you
still going so well. Apparently not yet. The self-appointed analysts lie and cheat as bad as the politicians.
Logical, casino aeronautical beroepszwenedelaars.
Fortunately, the economy is booming, if you’re to believe a government which does nothing else but lie.
Sit quietly and do not panic. Patience and the AEX will slowly move back towards the 500
Indeed! … A little cash in your pocket does not hurt, because many, self-named securities analysts were not high ‘blue dress’ content during their fantastic predictions ? …. But hey! .. Their predictions are almost as reliable as a weather man / woman! …. That last category I take seriously! …..
is obviously the result of increased consumer confidence and in an upward spiral seated Dutch economy, what are we being lied anyway.
The companies can not continue to manipulate the figures, paper is patient. And just continue to say that the economy is doing well, people have no purchasing power? That is now seven years after the crisis twice over by count, no trust, through all the cuts and tax increases. Is waiting for the next blow, sit back in the eve as in 2007. Raw materials, oil, etc. on the depth point, now follow the fairs!
What crazy a few years ago was done there still laugh about China. And especially about the fair what it was nothing.
This malaise is a direct result of the interest rate policy of the central banks and the charging of the crisis, such as in Greece by Jan modal, retirees and other people who succumb monthly among higher taxes of our political friends or threaten to collapse. Governments continue to pile up debt without need that any proper purpose. The 0% interest rate policy is deadly, CB also now have no weapon with hands. How stupid can you be
Do you get it yet. The Chinese are fooling a few months, then heard nothing of the impact o the aex. All eyes were focused on greek country. Then an agreement was in the air shot to aex to 500. Now it’s something quiet and evenly or china addressed to shoot panic. They make each other mad at the fair.
The bubble is about to explode. Around the world, economies shrink, fall fairs and there are zillion other crises.
Now I hear no one to tax tax equity returns. For this so are the risks of investing, and equally and it is another negative year for investors.
Oh we’re going to help, Mark do what these arms thunders.
So a bunch of rich stinkers, now stink less ………
Beginning veeel even further down in the coming period. People are lying and deceiving sick about the economy!
The system thunders finally together! Only Rutte and his cronies know obviously not yet. They go merrily along with the CBS show good news!
oh yes they said the crisis is over, he begins, three million elderly people can not financially more legs which are many Dutch, sad, but think that the stock market goes back down, because it is still far from over, according to the Government, it is better, but I do not hit, rent increases tax increases to bear interest at the bank etc etc, make the chest but wet because there is still much more crisis, which many asylum seekers as well, taking all of us
Even they know that those 86 billion and the rest of the 300 billion never scary never comes back and he called on the the economy is turning again. }