ABN Amro said last week that its clearing business had suffered a net loss of around $200 million during the market turmoil sparked by the coronavirus pandemic.

It added that the economic fallout of the fight against the coronavirus had significantly increased its costs overall, which would lead to a loss in the first three months of the year.

Following similar moves by the other two big banks in the Netherlands, ING and Rabobank[RABOVR.UL], ABN said it would follow the European Central Bank's advice to scrap dividend payouts until at least Oct. 1, to bolster its capital position.

(Reporting by Bart Meijer. Editing by Carmel Crimmins)