Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

ABN AMRO BANK N.V.

(ABN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dutch central bank urges banks to recognise loan losses quickly

11/24/2020 | 07:13am EST

AMSTERDAM (Reuters) - The Dutch central bank (DNB) on Tuesday urged banks in the Netherlands to quickly write off company loans that have soured due to the coronavirus pandemic.

Dutch banks have granted coronavirus-related payment delays on about 50 billion euros ($60 billion) of loans, DNB said, and they expect companies to have trouble resuming payments on around a third of those when grace periods end.

"Due to the payment delays, the situation on paper now probably looks more rosy than in reality," DNB director Frank Elderson told reporters.

"We therefore urge banks to take a very prudent and specific look at every loan."

Banks in the Netherlands have taken a total of around 3.2 billion euros in provisions for bad loans due to the pandemic in 2020.

DNB said it was too early to say how many more loans should be written off, but that it would press banks to decide on new provisions in time, despite the consequences this would have for their profitability - which has already been hit by low interest rates and rising regulatory costs.

"The financial crisis has taught us that a slow response to a large number of loans facing arrears will hinder economic recovery," the central bank said.

"Despite the operational challenges, it is therefore important that they recognise these vulnerabilities in time."

($1 = 0.8416 euros)

(Reporting by Bart Meijer, editing by Ed Osmond)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ABN AMRO BANK N.V. 1.03% 8.396 Real-time Quote.4.69%
DNB ASA 0.27% 168.1 Real-time Quote.-0.21%
ING GROEP N.V. -3.43% 7.3 Real-time Quote.-4.46%
All news about ABN AMRO BANK N.V.
01/26NEWSMAKER-Andrea Orcel returns to shake up Italian banking
RE
01/25File-sharing firm WeTransfer hires banks for Amsterdam IPO - sources
RE
01/22ABN AMRO BANK N : Some seal bag machines reopened with additional security
PU
01/22ABN AMRO BANK N : Vlerick Business School and ABN AMRO join forces in a partners..
PU
01/21Poland's InPost Looks To Raise Up To $3.9 Billion Via Amsterdam IPO
MT
01/20ABN AMRO BANK N : money laundering probe close to settlement, FD reports
RE
01/19ABN AMRO BANK N : Sustainable coffee – What else?
PU
01/12ABN AMRO BANK N : Weak economy has not gripped housing market yet
PU
01/08ABN AMRO BANK N : Seal bag machines temporarily closed. What are the alternative..
PU
2020LOTTERY SPECIALIST : “You can always say that you've won a small prize&rdq..
PU
More news
Financials
Sales 2020 7 924 M 9 579 M 9 579 M
Net income 2020 -338 M -409 M -409 M
Net Debt 2020 - - -
P/E ratio 2020 -29,4x
Yield 2020 0,11%
Capitalization 7 892 M 9 547 M 9 541 M
Capi. / Sales 2020 1,00x
Capi. / Sales 2021 1,05x
Nbr of Employees 18 952
Free-Float 46,9%
Chart ABN AMRO BANK N.V.
Duration : Period :
ABN AMRO Bank N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ABN AMRO BANK N.V.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 9,93 €
Last Close Price 8,40 €
Spread / Highest target 90,6%
Spread / Average Target 18,3%
Spread / Lowest Target -29,7%
EPS Revisions
Managers and Directors
NameTitle
Robert Swaak Chairman-Executive Board & Chief Executive Officer
Tom de Swaan Chairman-Supervisory Board
Clifford Abrahams Vice Chairman-Executive Board & CFO
Christian Bornfeld Chief Innovation & Technology Officer
Jurgen Stegmann Member-Supervisory Board
Sector and Competitors