ABN AMRO Bank (ABN) Investor presentation summary

Financial performance and profitability

• Achieved €693m net profit in Q1 2026, a 12% year-on-year increase, with return on equity at 10.7%.

• Mortgage portfolio grew by €2.0bn, maintaining a 20% market share; corporate loans increased by €1.5bn, especially in transition sectors.

• Net interest income benefited from deposit volume growth; fee income reached record highs across all client units.

• Operating income for Q1 2026 was €2,287m, up 7% year-on-year; operating result rose 21% to €1,009m.

• Underlying costs declined, with FY2026 cost guidance lowered to approximately €5.5bn.

Strategic progress and growth ambitions

• Progress toward 2028 targets includes 30% of mortgage growth realized, rising to 73% with the intended NIBC acquisition.

• Client assets in Wealth Management impacted by market volatility and tax outflows, but ongoing conversion to advisory products and launch of regulated crypto investment products.

• Corporate Banking saw growth in transition sectors, new Clearing clients, and strong dual-client lead generation.

• 2028 ambitions include >€190bn mortgage portfolio, >€335bn client assets, and >€8bn renewables financing.

Cost management and operational efficiency

• Around 40% of targeted FTE reductions achieved, with 528 FTEs reduced in Q1 2026, mainly external staff.

• Total cost savings reached €220m versus a €900m target for 2024–2028, mainly from operational efficiency and IT streamlining.

• Underlying expenses declined by 6% year-on-year; cost guidance for 2026 lowered to c.€5.5bn.