Netherlands' ABN Amro Q2 net profit rises as lending and deposit grows

ABN Amro Bank NV

12/08/2026 06:10

Overview
Netherlands banking group's Q2 net profit rose 29% yr/yr to EUR 781 mln
Q2 operating income up 13% yr/yr, driven by lending and deposit growth
CET1 capital ratio improved to 15.9% in Q2

Outlook
ABN Amro raises 2026 commercial NII guidance to EUR 6.8 bln including NIBC
Company lowers 2026 cost guidance to EUR 5.5 bln including NIBC
Company expects another ECB rate hike in September amid continued economic uncertainty

Result Drivers
LENDING AND DEPOSIT GROWTH - Co said increased client demand drove growth in both lending and deposits
HIGHER NET INTEREST INCOME AND FEES - Co attributed results to strong net interest income and high fees reflecting increased client assets and strong Clearing results
COST DISCIPLINE - Co said stable underlying costs were supported by cost discipline and efficiency improvements

Company press release: ID:nGNE1WhWJ8

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
EUR 781 mln
 
Q2 CET1 Capital Ratio
 
15.90%
 
Q2 Impairment charges
 
EUR 24 mln
 
Q2 Operating Income
 
EUR 2.42 bln
 
Q2 ROE
 
12.10%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for ABN Amro Bank NV is €41.40, about 4% above its August 11 closing price of €39.80
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Aug 11 - Norway's Sparebanken Norge Q2 profit rises on lending, fee income growth
Aug 11 - Italian banks' lending to firms rises in June at slower pace

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)