(Finance) – The Dutch bank ABN AMRO closed the third quarter of 2023 with a net interest margin (NII) equal to 1,533 million euros (third quarter 2022: 1,276 million euros); excluding some large ancillary expenses, NII increased by €219 million compared to the third quarter of 2022, primarily due to higher deposit margins recorded across all customer units. The net commissions they remained stable at 442 million euros (third quarter 2022: 441 million euros).
L’it was useful equal to 759 million euros, higher than the 743 million euros of the third quarter of 2022 and the 583 million euros expected by analysts (according to a consensus provided by the company). Excluding payments attributable to AT1 instruments, the amount amounts to €736 million (Q3 2022: €720 million).
“In the third quarter, we got it once again a strong financial result with net interest income (NII) consistently high compared to last year, supported by other strong income and impairment releases,” CEO Robert Swaak said. “Credit demand remains good and both our mortgage and corporate portfolios have increased,” he added.