ABN AMRO Bank NV (WBO:ABN)
€ 15.3 -0.13 (-0.84%) Market Cap: 12.81 Bil Enterprise Value: 45.14 Bil PE Ratio: 5.22 PB Ratio: 0.51 GF Score: 59/100

Q4 2018 ABN AMRO Group NV Earnings Call Transcript

Feb 13, 2019 / 10:00AM GMT
Release Date Price: €20.34 (-7.46%)
Operator

Good morning, ladies and gentlemen. Thank you for holding, and welcome to the ABN AMRO Q4 2018 analyst presentation. (Operator Instructions) I would like to hand over the conference to Kees van Dijkhuizen. Go ahead, please, sir.

Kees C. van Dijkhuizen
ABN AMRO Group N.V. - Chairman of Executive Board & CEO

Thank you very much, operator. Good morning, everybody. Welcome to the investor and analyst call for ABN AMRO's Q4 results. I'm joined by Clifford Abrahams, our CFO; and Tanja Cuppen (inaudible) Cliff will then go through the details of our fourth quarter results. And after that, Tanja will give you an update on developments in our loan portfolio.

I'm now turning to Slide 2 and I will give -- I will highlight the main points of the fourth quarter.

The headline profit figure is EUR 360 million -- EUR 316 million for Q4. Overall, I'm pleased with our solid operational delivery with the net results impacted by higher provisions and impairments. Specifically, we took a cost provision related to the speeding up of 2 client due diligence

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