ABN AMRO Reports Strong Q3 Profit Amid Housing Boom

ABN AMRO Group N.V. (GB:0RDM) has released an update.

ABN AMRO Bank reported a strong net profit of EUR 690 million for Q3 2024, driven by improved net interest income and increased fee income amid a thriving Dutch housing market. The bank’s mortgage portfolio grew by EUR 1.6 billion, while its solid capital position was reflected in a Basel III CET1 ratio of 14.1%. ABN AMRO continues to enhance customer experience and invest in sustainable initiatives, aligning with its commitment to support the transition to a sustainable economy.

For further insights into GB:0RDM stock, check out TipRanks’ Stock Analysis page.