Q4 2022 ABN Amro Bank NV Earnings Call Transcript
Good day, and welcome to the ABN AMRO Fourth Quarter 2022 Analyst and Investor Conference Call. This meeting is being recorded.
At this time, I'd like to hand the call over to Mr. Robert Swaak, CEO. Please go ahead, sir.
Thank you. Good morning, everyone. Welcome to ABN AMRO's Q4 results. As always, I'm joined by Lars Kramer, our CFO; Tanja Cuppen, our CRO. I'll update you on the main topics for this quarter before we start the Q&A session.
Let me summarize the main events on Slide 2. Our fourth quarter net profit reflects strong interest income and another quarter of low impairments. Business momentum remained healthy for mortgages and corporate loans. Net interest income increasing -- increased strongly, driven by improved deposit margins and good treasury results.
Full year NII, excluding incidentals, ended at EUR 5.5 billion, above guidance following 2 ECB rate hikes in the fourth quarter. Our fees ended up 7% higher for the year as fee income on
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