ABN AMRO Q3 profit climbs
ABN AMRO posted a net profit of € 940 miljoen for the third quarter of 2026, marking a 52 percent increase compared to the € 617 miljoen reported in the same period last year, according to figures released on Wednesday by [ABN AMRO].
NOS Nieuws reported that the bank’s latest quarterly performance surpasses analyst expectations, driven primarily by higher net interest income in a favorable rate environment.
The financial institution benefited from higher interest earnings as the European Central Bank raised rates to combat inflation sparked by energy costs. This dynamic generated ruim € 6,9 miljard in commercial income for the bank, while lower credit-loss provisions added € 11 miljoen in net release. Marguerite Bérard pointed to a resilient Dutch economy as another pillar supporting the earnings growth.
“ABN AMRO has-again realized a strong quarter, characterized by solid commercial momentum, net release [of credit provisions] and contributions from NIBC starting August 1,” said Marguerite Bérard, CEO of [ABN AMRO].
The integration of NIBC, consolidated as of August 1, increased the lender's Dutch mortgage market share to €15 billion and its savings market share to €13 billion.
Operating expenses remained tied to ongoing restructuring efforts, with the bank aiming for total cost savings of € 5,5 miljard by the end of 2026. The institution also maintained a strong Common Equity Tier 1 ratio of 15.3 percent.
Unions protest wage offers amid planned job cuts
While the firm reported financial gains, labor unions organized protests outside the bank during the quarterly results presentation to voice opposition to the latest wage offer. The collective labor agreement expired last summer, and union representatives argue that the surging profits should yield higher compensation for employees.
The financial group is executing a multi-year reorganization plan announced last year to cut 5,000 jobs in response to rising personnel expenses and fluctuating interest income.
The company reported that it has completed nearly half of those planned job reductions, keeping it on track to hit its 2028 restructuring target. Negotiations for a new collective labor agreement are scheduled to resume next week, alongside proposed bank requirements that staff spend at least half of their working time in the office.
State stake reduction
The Dutch state continues to reduce its shareholding in the lender through scheduled market transactions. The government plans to lower its remaining stake from approximately 20 percent down to roughly 10,5 procent.
This reduction follows the bank’s nationalization during the 2008 financial crisis and its subsequent return to the stock exchange in 2015. ABN AMRO shares have traded strongly, climbing nearly 50 percent since the beginning of the year and more than doubling since Bérard took the helm.
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