ABN AMRO Group NV (ABN.AE) said Monday that net profit in the first quarter fell 3% due to impairment charges of 208 million euro ($248.3 million).
The Dutch bank said profit for the three months ended March 31 fell to EUR595 million from EUR615 million in the year-earlier period.
Net interest income rose 5% to EUR1.67 billion due to improved interest margins and volumes, as well as a one-off adjustment, the bank said.
ABN AMRO said its operating income during the first quarter increased 4% to EUR2.33 billion.
The bank said its common equity tier one, CET1, ratio–an important measure of liquidity–was 17.5%.
Chief Executive Kees van Dijkhuizen said the bank is on track to achieve its strategic priorities and financial targets by 2020.
Dow Jones Newswires
Source : MTV
