ABN Amro Profits Slump 20%: CFO Abrahams on Outlook, Strategy

Clifford Abrahams, CFO of ABN Amro, discusses the bank's financial performance, highlighting a 20% profit decline due to low rates and Brexit. Despite challenges, the bank maintains strong capital and equity returns. Abrahams addresses dividend updates, emphasizing a focus on profitable growth in the US, Australia, and the Netherlands. The bank is pursuing acquisitions, particularly in private banking, and restructuring its corporate banking. Revenue growth remains a challenge, but new mortgage propositions are promising. Cross-border consolidation in the banking industry is discussed, with cautious optimism for future opportunities.

What recent acquisition did ABN Amro complete in Belgium?

What challenges does ABN Amro face regarding revenue growth compared to other European banks?

What is the CFO's outlook on cross-border consolidation in the banking industry?