Q3 2023 ABN Amro Bank NV Earnings Call Transcript
Good day, and welcome to today's ABN AMRO Third Quarter 2023 Analyst and Investor Call. This meeting is being recorded. At this time, I'd like to hand the call over to Robert Swaak, CEO. Please go ahead, sir.
Thank you very much, and good morning, and welcome to ABN AMRO's Q3 results. I'm joined by Ferdinand Vaandrager and Tanja Cuppen, and I'll update you on the main topics for this quarter before we start the Q&A session. So let me first take you through the highlights on Slide 2.
We showed a strong result with a net profit of EUR 759 million. This result is supported by high other income and impairment releases compared to previous quarter, NII was lower, and we saw this in all business segments, though the drivers were different for each segment. We see clients continue to transfer cash into interest-bearing accounts while our overall deposit volume increased. Both our mortgage portfolio as well as our corporate loan book increased despite a challenging environment.
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