ABN Amro Trims Full-Year Cost Guidance; Net Profit Beats Expectations

By / / Finance / 1 minute of reading


Updated Nov. 8, 2023 1:56 am ET

ABN Amro Bank trimmed its cost guidance for 2023 and posted better-than-expected net profit for the third quarter, helped by higher other income and an impairment release.

The Dutch lender made a net profit of 759 million euros ($812.2 million) for the three months to Sept. 30, it said Wednesday. This compares with the EUR583 million expected by a company-complied consensus and with EUR743 million a year earlier.

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Debra Byrd is a sportswriter and educator with a passion for technology. She writes about sports, education, and tech for In Happier News, and she's always looking for new ways to improve the student experience. She spends her free time writing, playing sports, and reading about the latest tech trends. She also loves traveling—especially when it involves visiting a new city or country with her husband, who is also a writer!

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