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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ABN AMRO Bank N.V.    ABN   NL0011540547

ABN AMRO BANK N.V.

(ABN)
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ABN AMRO records incidental net loss of USD 200 million

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03/26/2020 | 02:00am EDT

ABN AMRO records incidental net loss of USD 200 million

As a result of the unprecedented volumes and volatility in financial markets following the outbreak of COVID 19, ABN AMRO Clearing will incur a USD 250 million pretax incidental loss on one of its US clients. The net loss is approximately USD 200 million (EUR 183 million).  
The client had a specific strategy, trading US options and futures, and failed to meet the minimum risk and margin requirements following extreme stress and dislocations in US markets. To prevent further losses, ABN AMRO Clearing decided to close-out the positions of this client. The impact will be included in the first quarter 2020 results of ABN AMRO.

ABN AMRO Clearing serves professional clients that are active in financial markets worldwide. Historically ABN AMRO Clearing has a track record of low credit losses.

Investor Relations                                                       Press Relations
Dies Donker                                                                  Ariën Bikker
+31(0)20-6282282                                                        +31 (0)20-6288900
investorrelations@nl.abnamro.com                              pressrelations@nl.abnamro.com

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)


 

 


 

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Sales 2020 7 971 M
EBIT 2020 2 785 M
Net income 2020 1 172 M
Debt 2020 -
Yield 2020 8,44%
P/E ratio 2020 6,74x
P/E ratio 2021 5,24x
Capi. / Sales2020 0,93x
Capi. / Sales2021 0,92x
Capitalization 7 400 M
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Technical analysis trends ABN AMRO BANK N.V.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 13,48  €
Last Close Price 7,87  €
Spread / Highest target 200%
Spread / Average Target 71,2%
Spread / Lowest Target -17,9%
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Kees C. van Dijkhuizen Chairman-Executive Board & CEO
Tom de Swaan Chairman-Supervisory Board
Clifford Abrahams Vice Chairman-Executive Board & CFO
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