ABN AMRO Bank NV (OTCPK:AAVMY)
$ 17 0.05 (0.29%) Market Cap: 14.16 Bil Enterprise Value: 42.06 Bil PE Ratio: 4.93 PB Ratio: 0.53 GF Score: 69/100

Q1 2021 ABN Amro Bank NV Earnings Call Transcript

May 12, 2021 / 09:00AM GMT
Release Date Price: $12.33 (-6.73%)
Operator

Good morning, and welcome to the ABN AMRO Quarter 1 2021 Analyst and Investor Call.

(Operator Instructions)

I would now like to hand the call over to Mr. Robert Swaak, CEO of ABN AMRO. Please go ahead, sir.

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

Thank you so much. Good morning and welcome, all, to ABN AMRO's Q1 results. I'm joined by Annemieke Roest, our Interim CFO; and Tanja Cuppen, our CRO. I'll talk you through the highlights of our Q1 results, and then Annemieke will go through our first quarter results in more detail, and Tanja, as always, will then update you on our impairment developments in our loan portfolio and run you through our capital developments.

So turning to our first quarter results on Slide 2. As you know, we've agreed to a settlement with the Dutch prosecutor regarding the anti-money laundering investigation. We'll go a little bit more in detail on AML on the next slide. Excluding the AML settlement, our net result was EUR 426 million. Low interest rates and the wind-down of

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