ABN Amro Shares Fall on Weak Lending Income, Cautious Outlook
- Dutch bank cautious about economic prospects, dividend restart
- Bank won’t meet full-year targets for ROE, cost-to-income
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ABN Amro NV fell in Amsterdam trading after reporting its lowest income from lending in six years and giving a cautious outlook for the economy and a return to paying dividends.
Net interest income declined to 1.47 billion euros ($1.7 billion) in the third quarter, the least since 2014, as its corporate loan book shrank and new mortgages slowed, the Amsterdam-based lender said in a statement on Wednesday. The shares declined as much as 6%.