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

Q2 2023 ABN Amro Bank NV Earnings Call Transcript

Aug 09, 2023 / 08:00AM GMT
Release Date Price: €14.28 (-2.33%)
Operator

Hello, and welcome to the ABN AMRO second-quarter 2023 analyst and investor call. My name is [Laura], and I will be your coordinator for today's event. Please note this call is being recorded and, for the duration of the call, your lines will be on listen only. (Operator Instructions)

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

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

Thank you. Thanks very much, and good morning, everyone. Welcome to our Q2 results.

I'm joined by Ferdinand Vaandrager, our interim CFO; and, as always, by Tanja Cuppen, our CRO. I'll update you on the main topics for this quarter before we start the Q&A session. So let me first take you through the highlights on slide 2.

We're very pleased with another quarter of strong results. Net profit reflects strong NII and is supported by impairment releases as credit quality remained solid. NII continue to benefit from the higher interest rate environment. Our overall deposit volume remained stable,

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