ABN AMRO Bank N : Five highlights of ABN AMRO’s 2023 Annual Report
March 14, 2024 at 08:05 pm EDT
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Five highlights of ABN AMRO's 2023 Annual Report
News article
08:0013 March 2024
Annual report
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Today, ABN AMRO is publishing its 2023 Integrated Annual Report. The report describes the bank's strategic choices, the environment in which it operates, how it is seeking to create value, and its financial and non-financial results. Below is a selection of five topics addressed in the report.
1. Our results at a glance
This page
presents last year's major milestones, such as the Dutch State's announcement that it would be reducing its shareholding in ABN AMRO to below 50% and the acquisition of neobroker BUX. The bank's financial results in 2023 are also available
at a glance
. Among the indicators presented, you'll find our net profit, cost-income ratio and return on average equity in 2023. And
this update
provides more information about our progress in executing on our strategy of being a personal bank in the digital age for our clients.
2. Our progress in sustainability
At the end of 2022, ABN AMRO published its
climate strategy
and it will be reporting on progress made in executing this strategy in its annual reports. We have, for example, invested more in sustainable organisations and set ourselves clear sustainability targets. From now on, a separate chapter of the report will be dedicated to the Corporate Sustainability Reporting Directive (CSRD), a European directive governing sustainability reporting. Read more in
this section
of the report.
3. Creating value for all our stakeholders
With our purpose 'Banking for Better, for generations to come' we are looking to create sustainable long-term value for all our stakeholders. We are doing this my maximising the positive impact we have on society and by seeking to keep the negative effects of our operations to a minimum. You will find our value creation model in
this section
of the Annual Report. Want to know all about our impact? Check out the full
2023 Impact Report
.
4. "We now have a completely different profile"
In separate interviews, CEO
Robert Swaak
, CFO
Ferdinand Vaandrager
, CRO
Tanja Cuppen
and our Supervisory Board Chair
Tom de Swaan
look back on the past year and share their expectations and challenges for 2024.
5. What are our clients saying?
In the Annual Report, three clients describe how ABN AMRO has helped them move forward.
Klaas van Lookeren Campagne
explains how capitalM has grown to become a unique global hotel chain with the support of ABN AMRO,
Marjette Soeteman
looks back on how our personal approach helped her through a difficult period in her life,
Henning Gieseke
describes what sets ABN AMRO apart from other banks.
More information
The full 2023 Integrated Annual Report and Impact Report can be found on our
download page
.
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Disclaimer
ABN Amro Bank NV published this content on
13 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
15 March 2024 00:04:03 UTC.
ABN AMRO Bank N.V. is one of the leading Dutch banking groups. Net interest income breakks down by activity as follows:
- commercial and retail banking (50.5%);
- corporate banking (34.4%);
- wealth management (15.1%).
At the end of 2023, the group managed EUR 253.4 billion in current deposits and EUR 254.5 billion in current credits.
Net interest income breaks down geographically as follows: the Netherlands (90.9%), Europe (6.3%), the United States (1.4%), Asia (0.9%) and other (0.5%).