ABN Amro CFO on 2Q Results, Dividends

The transcript covers a company's financial performance, credit provisions, and economic outlook. It discusses dividend plans, capital goals, and portfolio retrenchment strategies. The conversation also touches on interest rate expectations, negative interest rates, and the TLTRO program, highlighting the company's strategic focus and market positioning.

What is the company's plan for digital banking in Northwest Europe?

• To expand into new markets

• To focus solely on traditional banking

• To reduce customer base

• To transition to a more sustainable economy

How does the company view the impact of the Delta variant on its credit provisions?

• As a minor issue with no impact

• As a major threat requiring increased provisions

• As a factor in various scenarios but with a positive outlook

• As a reason to halt all credit releases

What is the company's policy regarding dividend payouts?

• Pay out 100% of profits

• No dividends will be paid

• Dividends are paid only in non-profitable years

• Pay out 50% of profits

What is the company's approach to share buybacks?

• Wait for full year results before deciding

• No buybacks planned

• Buybacks only in the US market

• Immediate buybacks regardless of performance

What is the company's strategy for managing its residual portfolio?

• Selling all remaining assets

• Managing out rather than selling

• Investing in new portfolios

• Expanding into new markets

What is the company's expectation for European interest rates?

• Interest rates will rise significantly

• Interest rates will remain low until at least 2023

• Interest rates will drop to zero

• Interest rates will fluctuate unpredictably

How does the company plan to use the CBS TLTRO program?

• To reduce volumes

• To build up volumes and meet thresholds

• To exit the program entirely

• To focus on US markets