ABN Amro fourth-quarter profit drops as regulatory costs rise

Net income at the Dutch lender declined to €272 million from €400 million a year ago

17th February, 2016
ABN Amro reported a drop in fourth-quarter profit Pic: Getty Images

ABN Amro, the state-controlled Dutch lender that returned to the market in November, reported a 32 per cent drop in fourth-quarter profit as regulatory costs rose.

Net income declined to €272 million, compared with €400 million a year ago, the Amsterdam-based lender said. That fell short of €320 million, the average of seven analyst estimates compiled by Bloomberg.

Regulatory costs, including a bank tax and contributions to national funds for winding down banks and insuring deposits,...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Analysis: Draft legislation brings individual accountability for financial sector misconduct a step closer

Analysis: The gap between winners and losers in retail is stark

Vincent Boland: Tycoon space race is boldly going where many have gone before

Matt Cooper: O’Malley was a giant who did the state some service