ABN Amro: net income up 29% in Q1
At the same time, EBIT was up 3% to €2,197 million, while net interest income (NII) amounted to €1,589 million in Q1 2024 (€1,620 million in Q1 2023).
ABN Amro also announces that a third share buyback program of €500 million was finalized in May.
Costs fell by 11% compared with Q1 2023, as regulatory levies were lower', stresses Robert Swaak CEO of ABN AMRO Bank N.V.
'After a difficult 2023, we expect growth to remain positive but weak in 2024', the firm points out.
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