Latest news with #ABNAMROBank
Business Standard
a day ago
- Business
- Business Standard
Ugro Capital rallies on appointing Anuj Pandey as new CEO
Ugro Capital advanced 3.69% to Rs 180 after the company announced the elevation of Anuj Pandey as its new chief executive officer, effective 1 July 2025. Pandey, who currently serves as the chief risk officer, has been a founding member of Ugro Capital and has played a pivotal role in building the company's risk governance framework and credit architecture. His appointment was approved by the companys board. Anuj Pandey brings nearly 25 years of experience across prominent organizations such as GSK Consumer, ABN AMRO Bank, Barclays Bank, and Religare, where he held leadership positions in business and product strategy. He holds a in Mechanical Engineering and is an alumnus of the Indian Institute of Management (IIM) Lucknow. UGRO Capital is a pioneering DataTech NBFC specializing in MSME and small business financing. By leveraging advanced data analytics and an extensive distribution network, it bridges the vast small business credit gap in India, delivering tailored credit solutions to micro, small, and medium enterprises (MSMEs) across the country. The company reported a 24.04% jump in standalone net profit to Rs 40.55 crore in Q4 FY25 as against Rs 32.69 crore posted in Q4 FY24. Total income increased 24.83% YoY to Rs 412.44 crore in the quarter ended 31 March 2025.
Yahoo
14-05-2025
- Business
- Yahoo
ABN AMRO Bank posts net profit of EUR 619 million in Q1 2025
ABN AMRO Bank posts net profit of EUR 619 million in Q1 2025 14 May 2025 Key messages Solid results: Net profit of EUR 619 million, with a return on equity of around 10% Good business momentum: Mortgage portfolio grew by EUR 1.7 billion and corporate loans by EUR 0.9 billion Resilient net interest income despite impact from lower short-term interest rates Continued fee growth: Increase of 8% compared to Q1 2024, with contributions from all client units Cost discipline: Underlying costs declined 5% compared to Q4 2024; guidance for full-year 2025 unchanged Solid credit quality: Impairments of EUR 5 million, reflecting net additions for individual files offset by model-related releases Strong capital position: Basel IV CET1 ratio of 14.7% Capital Markets Day to be held in November Marguerite Bérard, CEO:'As we reflect on the first quarter of 2025, I am honoured to address you as the new CEO of ABN AMRO. I value the trust placed in me by the Supervisory Board to lead our bank in the years to come. In the coming period, my priority will be to lead a strategic review of our activities, while building upon our solid foundations and strong market positions. We will focus on enhancing our profitability, optimising our capital position, right-sizing our cost base and achieving meaningful growth. The outcome of this review will be presented at a Capital Markets Day in November this year. The Dutch economy continues to demonstrate resilience, with GDP growth in recent years above the Eurozone average, low unemployment and good housing market performance. Thanks to this robust foundation, the economy is well-positioned to navigate the current uncertainties around trade tensions and geopolitical developments. In these challenging times, ABN AMRO performed well, delivering another quarter of solid results and growth in our loan books. This reflects our strategic focus on key growth areas, our credit quality and our ability to adapt to changing market conditions. In the first quarter of 2025, we showed solid results with a net profit of EUR 619 million and a return on equity of around 10%. This performance was underpinned by resilient net interest income, continued high fee income and limited net impairments. After a few quarters of rising costs, we managed to reduce our underlying costs in Q1 compared to the previous quarter. To deliver on our guidance of keeping underlying costs broadly flat compared to last year, cost discipline remains a priority. Therefore, we enforced increased controls on consultant expenditures and external hiring. Though challenging for colleagues, as we all need to adjust, it will help us reassess capacity needs and optimise our resources. By collaborating and using our creativity and talents, I believe we can deliver on our strategic ambitions while becoming a more agile organisation. Our strong capital position, with a Basel IV CET1 ratio of 14.7%, allows us to continue investing in our strategic priorities while maintaining financial stability. In Q1, we submitted the final application to move models to less sophisticated approaches which is now reflected in our capital ratios. The simplification will bring stability and predictability to our capital position. The largest part of our balance sheet remains under advanced models, specifically mortgages, banks and financial institutions. Portfolios that required significant modelling and data efforts will be moved to the standardised approach. Our continued efforts to improve customer experience resulted in an increase in our Net Promoter Score for Personal & Business Banking during the first quarter of 2025. Clients especially praise our efficient and good customer services, proactive contact, and the convenience of our digital services. This was also recognised by the 2024 Digital Leaders Study, which ranked ABN AMRO among the top performers. Tikkie, with 10 million active users, is a good example of our innovative offering. During King's Day this year, Tikkie processed a record number of almost 700,000 transactions. We also introduced the Index Mandate, an actively-managed product that invests in underlying passive instruments. With this product we aim to attract younger clients and help them begin with portfolio management. We remain dedicated to sustainability. In the first quarter we launched the free online Green Building Tool which helps provide commercial real estate clients with insights into opportunities to save energy and improve their energy label. We realise that making the switch to a sustainable society is not always straightforward for our clients. A survey among over 350 business clients at our decarbonisation conference revealed challenges in the energy transition, including high capital expenditure, complexity and cost impacts. We aim to support our clients towards a low-carbon future by providing financing and expertise. One example of how we can help them is our recent agreement with the EIB Group to support Dutch SMEs with favourable financing conditions. This collaboration will enhance economic growth and the sustainability efforts of our clients. It includes the largest risk-sharing agreement with the EIB Group to date, totalling EUR 1 billion. ABN AMRO believes that everyday represents a new beginning for our customers, and for whom we stand ready to support. I am looking forward to my 'new beginning', collaborating with all my colleagues to deliver results for our stakeholders in the years to come. This press release is published by ABN AMRO Bank N.V. and contains inside information within the meaning of article 7 (1) to (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation). Note to editors, not for publication:ABN AMRO Press Office: Jarco de Swart, E-mail: pressrelations@ phone number: +31 (0)20 AMRO Investor Relations: John Heijning, E-mail: investorrelations@ phone number +31 (0)20 6282282. Operating results (in millions) Q1 2025 Q1 2024 Change Q4 2024 Change Net interest income 1,560 1,589 -2% 1,668 -7% Net fee and commission income 507 469 8% 500 1% Other operating income 79 139 -43% 72 10% Operating income 2,145 2,197 -2% 2,240 -4% Personnel expenses 725 656 10% 743 -2% Other expenses 584 600 -3% 871 -33% Operating expenses 1,309 1,257 4% 1,614 -19% Operating result 836 940 -11% 626 34% Impairment charges on financial instruments 5 3 52% 9 -44% Profit/(loss) before taxation 831 937 -11% 618 35% Income tax expense 212 263 -19% 220 -4% Profit/(loss) for the period 619 674 -8% 397 56% Attributable to: Owners of the parent company 619 674 -8% 397 56% Other indicators Net interest margin (NIM) (in bps) 154 162 167 Cost/income ratio 61.0 % 57.2 % 72.0 % Cost of risk (in bps)¹ 1 -1 1 Return on average equity² 9.9 % 11.6 % 6.2 % Earnings per share (in EUR)3, 4 0.69 0.76 0.43 Client assets (end of period, in billions) 346.9 347.1 344.4 Risk-weighted assets (end of period, in billions)5 141.5 144.2 140.9 Number of internal employees (end of period, in FTEs) 22,267 20,887 21,976 Number of external employees (end of period, in FTEs) 3,312 3,931 3,670 1. Annualised impairment charges on loans and advances customers for the period divided by the average loans and advances customers (excluding at fair value through P&L) on the basis of gross carrying amount and excluding fair value adjustments from hedge accounting. 2. Annualised profit/(loss) for the period, excluding payments attributable to AT1 capital securities and results attributable to non-controlling interests, divided by the average equity attributable to the owners of the company excluding AT1 capital securities. 3. Profit/(loss) for the period, excluding payments attributable to AT1 capital securities and results attributable to non-controlling interests, divided by the average outstanding and paid-up ordinary shares. 4. For Q1 2025, the average number of outstanding shares amounted to 833,048,566 (Q4 2024: 833,048,566; Q1 2024: 860,275,379). 5. As of 1 January 2025, the figures in the table are prepared in accordance with CRR III (Basel IV) regulations. The figures up to 31 December 2024 are prepared in accordance with CRR II (Basel III) regulations. Attachments ABN_AMRO_Bank_-_Quarterly_Report_first_quarter_2025 20250514 ABN AMRO Bank posts net profit of EUR 619 million in Q1 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-02-2025
- Business
- Yahoo
ABN AMRO Bank's (AMS:ABN) Dividend Will Be €0.75
ABN AMRO Bank N.V. (AMS:ABN) has announced that it will pay a dividend of €0.75 per share on the 23rd of May. However, the dividend yield of 8.1% is still a decent boost to shareholder returns. View our latest analysis for ABN AMRO Bank A big dividend yield for a few years doesn't mean much if it can't be sustained. Having paid out dividends for 9 years, ABN AMRO Bank has a good history of paying out a part of its earnings to shareholders. Taking data from its last earnings report, calculating for the company's payout ratio of 73%shows that ABN AMRO Bank would be able to pay its last dividend without pressure on the balance sheet. Looking forward, earnings per share is forecast to fall by 10.7% over the next 3 years. Fortunately, analysts forecast the future payout ratio to be 51% over the same time horizon, which is in the range that makes us comfortable with the sustainability of the dividend. ABN AMRO Bank has been paying dividends for a while, but the track record isn't stellar. This makes us cautious about the consistency of the dividend over a full economic cycle. The annual payment during the last 9 years was €0.88 in 2016, and the most recent fiscal year payment was €1.35. This means that it has been growing its distributions at 4.9% per annum over that time. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past. With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. ABN AMRO Bank has impressed us by growing EPS at 7.5% per year over the past five years. Recently, the company has been able to grow earnings at a decent rate, but with the payout ratio on the higher end we don't think the dividend has many prospects for growth. Overall, while it's not great to see that the dividend has been cut, we think the company is now in a good position to make consistent payments going into the future. The dividend has been at reasonable levels historically, but that hasn't translated into a consistent payment. The payment isn't stellar, but it could make a decent addition to a dividend portfolio. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Just as an example, we've come across 2 warning signs for ABN AMRO Bank you should be aware of, and 1 of them can't be ignored. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
