ABN AMRO Bank NV (OTCPK:ABMRF)
$ 17.06208 -0.437921 (-2.5%) Market Cap: 14.21 Bil Enterprise Value: 32.54 Bil PE Ratio: 5.29 PB Ratio: 0.59 GF Score: 62/100

Q4 2021 ABN Amro Bank NV Earnings Call Transcript

Feb 09, 2022 / 10:00AM GMT
Release Date Price: $17
Operator

Good morning, and welcome to the ABN AMRO quarter 4 2021 analyst and investor call. (Operator Instructions) I would now like to hand the call over to the Chairman, Mr. Bob Swaak. Please go ahead, sir.

Robert Swaak
ABN AMRO Bank N.V. - CEO & Chairman of Management Board

Thank you very much. Good morning, and welcome to ABN AMRO's Q4 results. As always, I'm joined by Lars Kramer, our CFO; and Tanja Cuppen, our CRO. I'll update you on the progress of our strategic agenda and the share buyback that we announced today. Lars will go through our fourth quarter results in more detail, and then Tanja will update you on impairment developments in our loan portfolio and on capital. So let's turn to our fourth quarter results on Slide 2. Our Q4 results do reflect the underlying economic recovery, which was really gathering steam until December when lockdown measures were reimposed. Now during the fourth quarter, the corporate loan book of the core bank increased by over $5 billion.

And as a result, we met the TLTRO thresholds, and we booked the additional

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