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

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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