ABN AMRO Bank NV (LTS:0RDM)
€ 14.635 0.025 (0.17%) Market Cap: 12.26 Bil Enterprise Value: 58.33 Bil PE Ratio: 5.03 PB Ratio: 0.46 GF Score: 63/100

Q3 2024 ABN Amro Bank NV Earnings Call Transcript

Nov 13, 2024 / 08:00AM GMT
Release Date Price: €15.03 (-2.16%)
Operator

Good morning and welcome to ABN Amro Q3 2024 analyst and investor call. I will now hand over to Chief Executive Officer, Robert Swaak. Please go ahead.

Robert Swaak
ABN Amro Bank NV - Chief Executive Officer, Chairman of the Executive Board

Thank you. Thank you so much. Good morning, everyone. Welcome to our Q3 results joined by Ferdinand Vaandrager, our CFO and for the first time and welcome, we're hosting this a on this call together with Serena Fioravanti. Our new CRO. Please join me in welcoming Serena. We've had a lot of that over the last couple of days.

I'll update you on the main topics for this quarter followed by Q&A as always. So let me take you through the highlights of Q3 on slide 2. ABN Amro showed yet another strong set of results. Our profit amounted to EUR690 million driven by higher net interest income, higher fee income, and net impairment releases.

Our mortgage book again showed a quarter of solid growth while costs were higher, these were anticipated given our new collective labor agreement and additional hiring. Our

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