ABN.AS - ABN AMRO Bank N.V.

Amsterdam - Amsterdam Delayed Price. Currency in EUR
16.65
+0.15 (+0.91%)
At close: 5:35PM CET
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Previous Close16.50
Open16.65
Bid0.00 x 0
Ask0.00 x 0
Day's Range16.52 - 16.72
52 Week Range15.54 - 23.19
Volume2,535,934
Avg. Volume3,240,578
Market Cap15.651B
Beta (3Y Monthly)1.13
PE Ratio (TTM)8.10
EPS (TTM)2.06
Earnings DateFeb 11, 2020 - Feb 17, 2020
Forward Dividend & Yield1.20 (7.16%)
Ex-Dividend Date2019-08-09
1y Target Est27.59
  • ABN Amro Shares Slip as Probe Raises Doubts Over Cost Targets
    Bloomberg

    ABN Amro Shares Slip as Probe Raises Doubts Over Cost Targets

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.ABN Amro Bank NV fell in Amsterdam trading as profit slipped and a criminal probe prompted the bank to warn of uncertainty.Operating profit missed estimates while an ongoing money laundering investigation raised concerns that the company’s cost-cutting targets could be at risk. The stock fell as much as 6.7%, the most since the probe was announced in September.The Dutch lender is grappling with a criminal investigation by the country’s public prosecutors office over alleged failures to check on clients and report suspicious transactions. ABN Amro set aside an additional 27 million euros ($30 million) for its customer due-diligence program, bringing the total to 226 million euros since the last quarter of 2018.“The timing of the completion of the investigation and the outcome are uncertain; ABN Amro is cooperating fully,” Executive Officer Kees van Dijkhuizen said in a statement. The bank has hired an independent expert to review its anti money-laundering plans.Analysts earlier estimated a possible fine ranging from 150 million euros to 450 million euros.Investors will be concerned that ABN Amro will face continuous cost increases to beef up its money- laundering controls, Mediobanca analyst Robin van den Broek said in a note. That could make the bank miss its goal of reducing costs by 5 billion euros in 2020.ABN Amro was down 5.5% in Amsterdam trading as of 11:27 a.m., making it the worst performer in the Stoxx 600 Banks Index. Shares have fallen 20% this year and the value has been below its initial public offering price since the criminal probe was announced.The Dutch government still holds a 56% stake in ABN Amro after a bailout during the global financial crisis but pledged to sell its complete stake at some point. The last time the state sold ABN Amro shares was two years ago.The bank will not pass on the cost of negative interest rates on deposits of less than 100,000 euros, the CEO said. It already charges corporate clients and the largest commercial and private banking customers. ABN Amro also said its market share in mortgages jumped to 22% in the third quarter from 17% in the previous quarter.Net income fell 24% from a year earlier to 558 million euros. Net interest income was down 3% to 1.63 billion euros.Meanwhile ABN Amro is still looking for a new CEO. Van Dijkhuizen announced five months ago he will resign when his term ends in April. ABN Amro’s legal problems likely are complicating the search.Highlights from third quarter earningsNet interest income EU1.63bOperating profit down 22% to EU854mNet income EU558m, down 24%Cost/income ratio 59.4% vs 52.9% in Q3 2018To contact the reporter on this story: Ruben Munsterman in Amsterdam at rmunsterman1@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Ross Larsen, Vernon WesselsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • ABN Amro promises not to charge negative interest on deposits up to 100,000 euros
    Reuters

    ABN Amro promises not to charge negative interest on deposits up to 100,000 euros

    Dutch bank ABN Amro said on Wednesday it would not charge negative interest on deposits up to 100,000 euros ($110,200), as it comes under political pressure to shield retail clients from the effects of ultra-low interest rates. European banks are grappling with the consequences of the European Central Bank's September decision to cut its key deposit rate further into negative territory, making it tougher for them to earn money from their traditional lending business. Dutch finance minister Wopke Hoekstra in September said he would talk to banks about the consequences of negative interest rates, but resisted calls by politicians for an outright ban of them on smaller deposits.

  • GlobeNewswire

    ABN AMRO reports net profit of EUR 558 million in Q3 2019

    ABN AMRO reports net profit of EUR 558 million in Q3 2019 Net profit at EUR 558 million in Q3 2019, reflecting solid operational performance and moderate impairments, offset.

  • The ABN AMRO Bank (AMS:ABN) Share Price Is Down 25% So Some Shareholders Are Getting Worried
    Simply Wall St.

    The ABN AMRO Bank (AMS:ABN) Share Price Is Down 25% So Some Shareholders Are Getting Worried

    It's easy to match the overall market return by buying an index fund. Active investors aim to buy stocks that vastly...

  • GlobeNewswire

    Sale of shares in equensWordline to Worldline completed

    Sale of shares in equensWordline to Worldline completed On 24 July, ABN AMRO announced the sale of  its remaining 7% interest in equensWordline to Worldline, subject to.

  • ABN Amro shares slammed by money laundering investigation
    MarketWatch

    ABN Amro shares slammed by money laundering investigation

    ABN Amro shares plunged 12% as the bank disclosed the Dutch public prosecutor is investigating it over money laundering prevention and the financing of terrorism.

  • ABN Amro hit by Dutch money laundering investigation
    Reuters

    ABN Amro hit by Dutch money laundering investigation

    ABN Amro is being investigated for money laundering in a new blow to shares in the Dutch bank, which prosecutors allege failed to report or probe suspicious transactions for years. The Netherlands has been the target of several inquiries into suspected money laundering and investigators last year estimated that around 13 billion euros ($14.2 billion) was laundered each year through the country between 2004 and 2014, a sum equivalent to roughly 2% of Dutch GDP. Dutch prosecutors said in March they were evaluating signs of Dutch bank involvement in a money laundering network which allegedly channelled billions of euros from Russia.

  • European stock indexes move higher on trade hopes, gains for oil majors
    MarketWatch

    European stock indexes move higher on trade hopes, gains for oil majors

    European stocks are in the black, boosted by fresh hopes for a U.S. trade deal, with oil majors out in front..

  • MarketWatch

    ABN Amro shares plunge after disclosing money laundering probe

    ABN Amro shares plunged nearly 10% in Amsterdam as the bank disclosed the Dutch public prosecutor is investigating it over money laundering prevention and the financing of terrorism. Last year, ING was fined 775 million euros over similar charges. ABN Amro said it'll cooperate fully with the investigation.

  • GlobeNewswire

    ABN AMRO subject of investigation by the Dutch public prosecutor

    ABN AMRO subject of investigation by the Dutch public prosecutor On Wednesday 25 September 2019, the Dutch public prosecutor informed ABN AMRO that the bank is the subject of.

  • How Does ABN AMRO Bank N.V. (AMS:ABN) Fare As A Dividend Stock?
    Simply Wall St.

    How Does ABN AMRO Bank N.V. (AMS:ABN) Fare As A Dividend Stock?

    Today we'll take a closer look at ABN AMRO Bank N.V. (AMS:ABN) from a dividend investor's perspective. Owning a strong...

  • GlobeNewswire

    ABN AMRO reports net profit of EUR 693 million for Q2 2019

    ABN AMRO reports net profit of EUR 693 million for Q2 2019 Net profit for the second quarter strong at EUR 693 million, reflecting solid operational performance and moderate.

  • GlobeNewswire

    ABN AMRO to sell remaining shares equensWorldline to Worldline

    ABN AMRO will sell its remaining 7% of shares in equensWorldline to Worldline. Following this transaction ABN AMRO retained a 7% interest. Today Worldline announced they will exercise their call option and acquire the remaining shares from ABN AMRO and other minority shareholders.

  • ABN AMRO Group N.V. (AMS:ABN): Poised For Long Term Success?
    Simply Wall St.

    ABN AMRO Group N.V. (AMS:ABN): Poised For Long Term Success?

    Since ABN AMRO Group N.V. (AMS:ABN) released its earnings in March 2019, analyst consensus outlook appear cautiously...

  • GlobeNewswire

    ABN AMRO CEO Kees van Dijkhuizen will not serve a new term of office following the end of his current term; terms of Executive Committee members extended by 2 and 4 years

    ABN AMRO announced today that Kees van Dijkhuizen will not serve a new term of office following the end of his current term, which will expire at the Annual General Meeting on 12 April 2020. The terms of office of the members of the Executive Committee (ExCo) will be extended by two or four years in March 2020. The terms of Frans van der Horst (CEO of Retail Banking) and Pieter van Mierlo (CEO of Private Banking) will be extended by two years, those of Daphne de Kluis (CEO of Commercial Banking) and Rutger van Nouhuijs (CEO of Corporate & Institutional Banking) by four years.

  • ABN Amro latest European bank to face money laundering probe
    Reuters Videos

    ABN Amro latest European bank to face money laundering probe

    Another European bank faces a money laundering probe. Dutch prosecutors are investigating ABN Amro, one of the country's top lenders. The Netherlands has been the target of several such inquiries. Investigators have estimated that over 14 billion dollars were laundered through the country each year between 2004 and 2014. Last year Dutch bank ING was hit with a 900 million dollar fine. Shares in ABN Amro fell about ten percent following Thursday's (September 26) news. It's all part of move by European authorities to crack down on lax monitoring of illegal transactions. On Wednesday (September 25) German investigators raided Deutsche Bank in connection with a money laundering scandal at Denmark's Danske Bank. The same day saw a former Danske Bank executive found dead in Estonia. Aivar Rehe was head of the lender's operations there until 2015. His branch was under investigation over suspicious payments totalling 220 billion dollars. Police said Rehe's death was not being treated as suspicious.