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
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Q2 2022 ABN Amro Bank NV Earnings Call Transcript

Aug 10, 2022 / 09:00AM GMT
Release Date Price: $10.66
Operator

Hello and welcome to the ABN AMRO Q2 2022 Analyst and Investor Call. My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions)

I will now hand over to your host Robert Swaak, CEO, to begin today's call. Thank you.

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

Thank you very much. Good morning and welcome to ABN AMRO's Q2 results. As always, I'm joined by Lars Kramer, our CFO; and Tanja Cuppen, our CRO. I'll update you on the main topics for this quarter before we start the Q&A session.

So let's turn to Slide 2 for the main events of this quarter. Although the outlook is indeed uncertain, the Dutch economy continued to perform well during the second quarter. We managed to add new business to our lending portfolio, both for mortgages and corporate loans. And as we know, on July 27, the ECB ended a negative rate environment. So as a result, our deposit margins are rapidly recovering, and this led to an improvement in our outlook of the full year NII.

Fee income increased

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