ABN AMRO Group reports substantial increase in underlying profit to EUR 974 million in H1 2011 and declares an interim dividend of EUR 200 million

Press release -

Reported net profit for H1 2011 is EUR 864 million compared with a reported net loss of EUR 968 million in H1 2010:

  • Underlying net profit amounts to EUR 974 million. Underlying net profit for H1 2010 was EUR 325 million
  • Retail & Private Banking showed strong results, Commercial & Merchant Banking realised higher net profit
  • The underlying cost/income ratio improved to 63% from 75% in H1 2010
  • At 30 June 2011, core Tier 1, Tier 1 and total capital ratio under Basel II were 11.4%, 13.9% and 18.2% respectively
  • Reported net profit for Q2 2011 was EUR 325 million. Underlying net profit for Q2 2011 amounted to EUR 391 million despite a EUR 149 million (after tax) restructuring provision for the customer excellence programme
  • Interim dividend of EUR 200 million to be paid on the ordinary shares



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