ABN AMRO Bank NV (FRA:AB2)
€ 15.405 -0.375 (-2.38%) Market Cap: 12.95 Bil Enterprise Value: 38.74 Bil PE Ratio: 4.87 PB Ratio: 0.52 GF Score: 66/100

Q3 2022 ABN Amro Bank NV Earnings Call Transcript

Nov 09, 2022 / 10:00AM GMT
Release Date Price: €10.86 (+2.89%)
Operator

Hello, and welcome to today's conference. Welcome to the ABN AMRO Q3 2022 Analyst and Investor Conference Call. Please note, this conference is being recorded. (Operator Instructions)

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

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

Thank you very much. Good morning, everyone. Welcome to ABN AMRO's Q3 results. As always, joined by Lars Kramer, our CFO; and Tanja Cuppen, our CRO. I'll update you on the main topics again for this quarter before we start the Q&A session.

So let's get to the main events on Slide 2. The strong increase in our results reflects improved underlying operating income as well as a number of profitable divestments. Our deposit margin showed a strong recovery, driven by the rapid rise of interest rates during the year. Client activity remained strong during the third quarter, although we see higher energy prices in the war in Ukraine impacting consumer and producer confidence.

Underlying

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