ABN Amro Bank Q1 profit surpasses estimates at €674 million, with net interest income up 6%.
ABN Amro Bank NV surpassed Q1 profit estimates, reporting a net income of €674 million, with lending income remaining strong. Due to higher interest rates over the past two years, banks have charged more for loans without having to pay as much for deposits, though central banks hint at possible rate cuts in June. ABN Amro's net interest income increased 6% over the previous quarter to €1.59 billion.
May 15, 2024
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