Table of Contents
GENERAL COMMENTS | ||||
In addition to this factsheet, please also refer to the Q4 2021 quarterly report (which is leading in case of inconsistencies), press release and the investor presentation on www.abnamro.com/investorrelations | ||||
Minor changes have been made to the following tabs: 1.1 (row 19-37), 2.2 (row 10-11), 2.5 (row 9-22), 2.7 (all rows and columns), 4.1 (row 10-14) | ||||
Rounding could cause some small differences | ||||
All figures are unaudited | ||||
Quarterly information | ||||
1 ABN AMRO P&L | 2 Balance sheet and capital | 3 Segment information | 4 Risk management | 5 Additional information |
1.1 Quarterly P&L development | 2.1 Consolidated Balance sheet | 3.1 Retail Banking per Q | 4.1 Cost of risk | 5.1 Volatile items (XVA, Hedge accounting & Equity participations) and Regulatory levies |
1.2 Quarterly result per segment | 2.2 Loans and advances - customers | 3.2 Commercial Banking per Q | 5.2 Actuals vs Consensus | |
1.3 P&L | 2.3 Due to customers | 3.3 Private Banking per Q | 5.2b Disclosed large items | |
2.4 Capital | Basel III | 3.4 Corp. & Inst. Banking per Q | |||
2.5 Leverage ratio | 3.5 Group Functions per Q | |||
2.6 Additional information Tier 1 | ||||
2.7 Liquidity | ||||
2.8 Client assets |
1.1 Quart. P&L develop.
GO BACK TO TABLE OF CONTENTS | ||||||||||||
Quarterly results (ABN AMRO) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Net interest income | 1,339 | 1,202 | 1,306 | 1,363 | 1,353 | 1,469 | 1,514 | 1,527 | 1,586 | 1,628 | 1,681 | 1,573 |
Net fee and commission income | 446 | 413 | 399 | 406 | 387 | 359 | 375 | 438 | 396 | 409 | 413 | 414 |
Other non-interest income | 499 | 119 | 27 | 79 | 60 | 379 | 96 | - 41 | 119 | 63 | 228 | 94 |
Operating income | 2,284 | 1,734 | 1,732 | 1,847 | 1,800 | 2,207 | 1,985 | 1,924 | 2,101 | 2,101 | 2,321 | 2,081 |
Personnel expenses | 571 | 575 | 600 | 579 | 563 | 658 | 528 | 531 | 583 | 543 | 555 | 567 |
Other expenses | 863 | 727 | 628 | 1,264 | 838 | 699 | 670 | 770 | 802 | 704 | 755 | 760 |
Operating expenses | 1,433 | 1,301 | 1,228 | 1,843 | 1,401 | 1,357 | 1,198 | 1,300 | 1,384 | 1,247 | 1,310 | 1,327 |
Operating result | 851 | 432 | 504 | 4 | 400 | 850 | 786 | 624 | 717 | 854 | 1,012 | 754 |
Impairment charges on financial instruments | 121 | - 12 | - 79 | - 77 | 220 | 270 | 703 | 1,111 | 314 | 112 | 129 | 102 |
Profit before taxes | 729 | 444 | 583 | 81 | 180 | 580 | 83 | - 487 | 403 | 742 | 883 | 652 |
Income taxes | 177 | 102 | 190 | 135 | 126 | 279 | 88 | - 92 | 87 | 184 | 190 | 174 |
Profit/(loss) for the period | 552 | 343 | 393 | - 54 | 54 | 301 | - 5 | - 395 | 316 | 558 | 693 | 478 |
Attributable to: | ||||||||||||
Owners of the parent company excl. coupons attributable to AT1 capital securities | 529 | 320 | 368 | - 77 | 32 | 263 | - 33 | - 421 | 289 | 532 | 667 | 452 |
Coupons attributable to AT1 capital securities | 23 | 23 | 23 | 23 | 22 | 37 | 28 | 26 | 26 | 26 | 26 | 26 |
Non-controlling interests | 0 | 0 | 2 | 0 | - | - | - | - | - | - | - 0 | 0 |
NIM (in bps) | 128 | 117 | 128 | 134 | 130 | 140 | 147 | 155 | 162 | 163 | 170 | 160 |
Cost/income ratio | 62.8% | 75.1% | 70.9% | 99.8% | 77.8% | 61.5% | 60.4% | 67.6% | 65.9% | 59.4% | 56.4% | 63.8% |
Cost of risk (in bps) | 11 | - 2 | - 23 | - 13 | 35 | 42 | 99 | 132 | 46 | 16 | 18 | 15 |
Return on average Equity | 10.8% | 6.5% | 7.6% | -1.6% | 0.7% | 5.6% | -0.7% | -8.7% | 6.0% | 11.0% | 13.6% | 9.2% |
Earnings per share | 0.56 | 0.34 | 0.39 | - 0.08 | 0.03 | 0.28 | - 0.03 | - 0.45 | 0.31 | 0.57 | 0.71 | 0.48 |
Client assets (end of period, in EUR billion) | 313.6 | 306.0 | 304.9 | 300.4 | 289.3 | 283.4 | 280.5 | 265.7 | 296.5 | 300.8 | 309.2 | 302.2 |
Risk-weighted assets (end of period, in EUR billion) | 117.7 | 110.6 | 107.2 | 112.0 | 110.5 | 114.1 | 112.1 | 111.7 | 109.8 | 105.6 | 106.6 | 108.0 |
Number of employees (end of period, in FTEs) | 19,957 | 19,700 | 19,639 | 19,417 | 19,234 | 18,952 | 18,684 | 18,362 | 17,977 | 17,813 | 17,952 | 18,962 |
Number of non-employees (end of period, in FTEs) | 6,524 | 6,238 | 5,954 | 5,648 | 5,621 | 5,391 | 4,936 | 4,984 | 4,749 | 4,370 | 4,152 | 4,362 |
Average Equity (IFRS) | 19,605 | 19,755 | 19,420 | 19,327 | 18,978 | 18,845 | 18,772 | 19,450 | 19,272 | 19,345 | 19,583 | 19,619 |
Average RWA | 109,868 | 109,807 | 110,976 | 110,764 | 112,487 | 111,304 | 112,821 | 111,713 | 106,672 | 106,491 | 109,097 | 106,881 |
Average loans and advances customers (gross) | 257,097 | 249,929 | 251,234 | 254,650 | 259,235 | 264,416 | 272,584 | 270,932 | 270,542 | 273,116 | 273,952 | 272,677 |
Average Total Assets | 416,909 | 411,710 | 408,044 | 405,433 | 415,751 | 420,329 | 411,575 | 395,010 | 392,499 | 399,958 | 396,180 | 392,192 |
1.2 Quart. result per seg.
GO BACK TO TABLE OF CONTENTS | ||||||||||||
Quarterly results (ABN AMRO) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Retail Banking | - 18 | - 32 | 163 | 152 | 167 | 190 | 180 | 150 | 134 | 269 | 200 | 263 |
Commercial Banking | - 8 | 155 | 156 | 103 | 4 | 71 | 81 | - 31 | 72 | 111 | 159 | 110 |
Private Banking | 64 | 66 | 52 | 53 | 31 | 227 | 19 | 28 | 46 | 44 | 66 | 40 |
Corporate & Institutional Banking | 149 | 72 | 41 | 116 | - 58 | - 240 | - 319 | - 575 | - 4 | 110 | 110 | 76 |
Group Functions | 365 | 81 | - 19 | - 477 | - 89 | 53 | 35 | 34 | 69 | 23 | 159 | - 11 |
ABN AMRO Bank | 552 | 343 | 393 | - 54 | 54 | 301 | - 5 | - 395 | 316 | 558 | 693 | 478 |
1.3 P&L
GO BACK TO TABLE OF CONTENTS | ||
Reported results (ABN AMRO) | ||
(in millions) | 2021 | 2020 |
Interest income | 7,017 | 7,815 |
Interest expense | 1,808 | 1,952 |
Net interest income | 5,210 | 5,863 |
Fee and commission income | 2,213 | 2,253 |
Fee and commission expense | 550 | 695 |
Net fee and commission income | 1,664 | 1,558 |
Income from other operating activities | 805 | 462 |
Expenses from other operating activities | 142 | 148 |
Net income from other operating activities | 663 | 314 |
Net trading income | 145 | 163 |
Share of result in equity accounted investments | 23 | 29 |
Net gains/(losses) on derecognition of financial assets measured at amortised cost | - 108 | - 11 |
Operating income | 7,597 | 7,916 |
Personnel expenses | 2,324 | 2,280 |
General and administrative expenses | 3,287 | 2,677 |
Depreciation and amortisation of tangible and intangible assets | 194 | 299 |
Operating expenses | 5,806 | 5,256 |
Operating result | 1,791 | 2,660 |
Impairment charges on financial instruments | - 46 | 2,303 |
Profit before taxes | 1,838 | 356 |
Income tax expenses | 604 | 401 |
Profit for the year | 1,234 | - 45 |
Attributable to: | ||
Owners of the parent company excl. coupons attributable to AT1 capital securities | 1,221 | - 158 |
Coupons attributable to AT1 capital securities | 10 | 113 |
Non-controlling interests | 3 | - |
Other indicators (ABN AMRO) | ||
2021 | 2020 | |
NIM (in bps) | 127 | 143 |
Cost/income ratio | 76.4% | 66.4% |
Cost of risk (in bps) | -7 | 78 |
Return on average Equity (IFRS) | 5.8% | -0.8% |
2.1. Consolidated Balance sheet
GO BACK TO TABLE OF CONTENTS | |||||||||||||
Statement of condensed financial position (ABN AMRO) | |||||||||||||
(in millions) | 31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 | 30 September 2019 | 30 June 2019 | 31 March 2019 | 31 December 2018 |
Cash and balances at central banks | 66,865 | 73,249 | 72,447 | 63,735 | 60,190 | 59,073 | 55,914 | 27,644 | 27,558 | 29,021 | 30,542 | 29,418 | 35,765 |
Financial assets held for trading | 1,155 | 2,435 | 2,385 | 2,195 | 1,315 | 2,765 | 3,397 | 1,988 | 1,137 | 1,963 | 1,699 | 1,618 | 495 |
Derivatives | 3,785 | 4,510 | 4,779 | 5,537 | 6,381 | 6,837 | 7,629 | 8,268 | 5,730 | 7,761 | 6,491 | 6,786 | 6,191 |
Financial investments | 43,165 | 43,364 | 42,543 | 43,975 | 47,455 | 47,733 | 49,081 | 47,214 | 45,277 | 46,457 | 44,915 | 44,319 | 42,184 |
Securities financing | 16,138 | 24,188 | 27,809 | 28,339 | 16,725 | 27,775 | 27,130 | 26,076 | 14,905 | 24,055 | 21,007 | 18,588 | 12,375 |
Loans and advances banks | 2,801 | 4,041 | 3,731 | 4,571 | 3,394 | 5,211 | 5,409 | 6,337 | 5,011 | 6,418 | 6,080 | 7,031 | 6,780 |
Loans and advances customers | 258,251 | 253,774 | 246,401 | 250,700 | 252,159 | 261,221 | 266,694 | 277,457 | 267,604 | 275,601 | 275,253 | 276,697 | 270,837 |
Other | 6,955 | 11,465 | 11,368 | 10,911 | 8,005 | 9,335 | 9,480 | 10,920 | 7,831 | 8,875 | 10,209 | 9,771 | 6,668 |
Total assets | 399,113 | 417,026 | 411,464 | 409,963 | 395,623 | 419,949 | 424,733 | 405,903 | 375,054 | 400,152 | 396,196 | 394,228 | 381,295 |
Financial liabilities held for trading | 687 | 1,279 | 1,726 | 1,120 | 563 | 1,110 | 1,281 | 1,222 | 675 | 1,199 | 1,097 | 1,117 | 253 |
Derivatives | 4,344 | 5,003 | 5,155 | 5,919 | 7,391 | 8,524 | 9,586 | 10,396 | 6,505 | 10,126 | 7,849 | 7,779 | 7,159 |
Securities financing | 9,494 | 19,056 | 19,824 | 19,280 | 11,363 | 19,063 | 18,933 | 18,106 | 8,234 | 12,982 | 12,452 | 10,757 | 7,407 |
Due to banks | 38,076 | 42,910 | 40,584 | 37,924 | 36,719 | 37,417 | 39,908 | 21,724 | 12,785 | 14,649 | 16,511 | 15,960 | 13,437 |
Due to customers | 251,218 | 248,988 | 246,066 | 245,586 | 238,570 | 248,456 | 245,691 | 238,168 | 234,991 | 248,231 | 242,745 | 243,507 | 236,123 |
Issued debt | 59,688 | 64,495 | 63,619 | 64,628 | 66,949 | 70,912 | 73,580 | 77,552 | 75,275 | 75,356 | 74,986 | 73,902 | 80,784 |
Subordinated liabilities | 7,549 | 6,599 | 6,578 | 8,172 | 8,069 | 8,282 | 8,685 | 10,347 | 10,041 | 10,198 | 9,958 | 9,999 | 9,805 |
Other | 6,059 | 6,769 | 6,375 | 6,169 | 5,010 | 5,352 | 5,467 | 7,651 | 5,076 | 6,417 | 9,284 | 9,584 | 4,967 |
Total liabilities | 377,114 | 395,099 | 389,927 | 388,797 | 374,634 | 399,117 | 403,131 | 385,166 | 353,582 | 379,157 | 374,881 | 372,605 | 359,935 |
Equity attributable to the owners of the parent company | 21,994 | 21,922 | 21,533 | 21,163 | 20,989 | 20,831 | 21,602 | 20,737 | 21,471 | 20,995 | 21,314 | 21,620 | 21,357 |
o/w AT1 Capital securities | 1,987 | 1,987 | 1,987 | 1,987 | 1,987 | 1,987 | 2,976 | 1,983 | 1,987 | 1,986 | 2,008 | 1,990 | 2,008 |
Equity attributable to non-controlling interests | 5 | 5 | 5 | 3 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 2 | 2 |
Total equity | 21,999 | 21,927 | 21,538 | 21,166 | 20,989 | 20,831 | 21,602 | 20,737 | 21,471 | 20,995 | 21,314 | 21,623 | 21,360 |
Total liabilities and equity | 399,113 | 417,026 | 411,464 | 409,963 | 395,623 | 419,949 | 424,733 | 405,903 | 375,054 | 400,152 | 396,196 | 394,228 | 381,295 |
2.2. L&A - customers
GO BACK TO TABLE OF CONTENTS | |||||||||
Loans and advances - customers (ABN AMRO) | |||||||||
(in millions) | 31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 |
Residential mortgages | 146,351 | 146,696 | 146,516 | 145,920 | 145,672 | 146,521 | 146,982 | 147,588 | 148,225 |
Consumer loans | 10,794 | 10,762 | 10,772 | 10,927 | 11,232 | 11,450 | 11,576 | 11,903 | 12,294 |
Corporate loans to clients | 77,965 | 73,311 | 71,271 | 76,056 | 78,587 | 84,000 | 88,735 | 92,832 | 89,756 |
- of which Commercial Banking | 41,967 | 40,027 | 39,734 | 39,834 | 39,838 | 40,711 | 41,120 | 41,311 | 41,500 |
- of which Corporate & Institutional Banking | 28,529 | 26,039 | 24,363 | 28,973 | 31,560 | 36,141 | 40,651 | 44,396 | 41,136 |
Total client loans | 235,110 | 230,769 | 228,558 | 232,903 | 235,491 | 241,971 | 247,293 | 252,323 | 250,276 |
Loans to professional counterparties and other loans | 23,605 | 23,079 | 17,687 | 18,068 | 16,297 | 18,841 | 19,027 | 24,441 | 16,412 |
Total Loans and advances - customers, gross carrying amount excl. fair value adjustment from hedge accounting | 258,715 | 253,848 | 246,246 | 250,971 | 251,788 | 260,813 | 266,321 | 276,764 | 266,687 |
Fair value adjustments from hedge accounting | 1,951 | 2,490 | 2,805 | 3,014 | 3,838 | 3,911 | 3,942 | 3,659 | 3,342 |
Less: loan impairment allowance | 2,416 | 2,564 | 2,649 | 3,284 | 3,467 | 3,503 | 3,569 | 2,966 | 2,426 |
Total Loans and advances customers* | 258,251 | 253,774 | 246,401 | 250,700 | 252,159 | 261,221 | 266,694 | 277,457 | 267,604 |
Retail Banking | 147,677 | 148,441 | 148,562 | 148,318 | 148,467 | 149,767 | 150,459 | 151,371 | 152,437 |
Commercial Banking | 41,389 | 39,543 | 39,156 | 39,225 | 39,213 | 40,148 | 40,682 | 41,961 | 41,785 |
Private Banking | 15,852 | 15,273 | 14,946 | 14,828 | 14,567 | 14,276 | 13,961 | 14,056 | 14,071 |
Corporate & Institutional Banking | 50,594 | 47,235 | 40,114 | 44,511 | 45,262 | 52,301 | 56,819 | 65,586 | 55,141 |
Group Functions | 2,739 | 3,282 | 3,624 | 3,817 | 4,650 | 4,728 | 4,773 | 4,483 | 4,171 |
Total Loans and advances customers | 258,251 | 253,774 | 246,401 | 250,700 | 252,159 | 261,221 | 266,694 | 277,457 | 267,604 |
2.3. Due to customers
GO BACK TO TABLE OF CONTENTS | |||||||||
Due to customers (ABN AMRO) | |||||||||
(in millions) | 31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 |
Retail Banking | 87,284 | 88,751 | 89,878 | 90,016 | 89,038 | 91,397 | 93,800 | 89,594 | 90,359 |
Commercial Banking | 56,331 | 53,721 | 52,120 | 51,674 | 52,537 | 51,475 | 49,239 | 46,801 | 46,269 |
Private Banking | 63,333 | 60,189 | 59,721 | 60,296 | 61,513 | 64,367 | 64,535 | 62,760 | 69,153 |
Corporate & Institutional Banking | 38,088 | 33,656 | 29,851 | 30,068 | 28,680 | 28,527 | 28,568 | 32,871 | 26,481 |
Group Functions | 6,182 | 12,671 | 14,496 | 13,532 | 6,802 | 12,689 | 9,549 | 6,141 | 2,729 |
Total Due to customers | 251,218 | 248,988 | 246,066 | 245,586 | 238,570 | 248,456 | 245,691 | 238,168 | 234,991 |
Current accounts | 132,983 | 121,982 | 114,865 | 112,251 | 111,033 | 107,824 | 103,338 | 98,900 | 91,900 |
Demand deposits | 98,790 | 101,154 | 103,060 | 106,008 | 107,534 | 113,571 | 116,165 | 113,468 | 120,892 |
Time deposits | 18,780 | 25,097 | 27,287 | 26,382 | 19,037 | 25,861 | 25,057 | 24,684 | 21,232 |
Total deposits | 250,553 | 248,233 | 245,212 | 244,642 | 237,604 | 247,257 | 244,560 | 237,052 | 234,023 |
Other financial liabilities | 665 | 755 | 854 | 944 | 966 | 1,199 | 1,131 | 1,115 | 967 |
Total Due to customers | 251,218 | 248,988 | 246,066 | 245,586 | 238,570 | 248,456 | 245,691 | 238,168 | 234,991 |
2.4. Capital | Basel III
GO BACK TO TABLE OF CONTENTS | |||||||||
Regulatory capital Basel III (ABN AMRO) | |||||||||
31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 | |
(in millions) | |||||||||
Total Equity (IFRS) | 21,999 | 21,927 | 21,538 | 21,166 | 20,989 | 20,831 | 21,602 | 20,737 | 21,471 |
Dividend reserve | - 573 | - 945 | - 785 | - 639 | - 639 | - 639 | - 639 | - 639 | - 668 |
AT1 Capital securities | - 1,987 | - 1,987 | - 1,987 | - 1,987 | - 1,987 | - 1,987 | - 2,976 | - 1,983 | - 1,987 |
Other regulatory adjustments | - 233 | 676 | 869 | 979 | 1,185 | 1,472 | 1,367 | 1,201 | 1,097 |
Common Equity Tier 1 | 19,206 | 19,672 | 19,635 | 19,519 | 19,548 | 19,677 | 19,355 | 19,315 | 19,913 |
AT1 Capital securities | 1,987 | 1,987 | 1,987 | 1,987 | 1,987 | 1,987 | 2,976 | 1,983 | 1,987 |
Other regulatory adjustments | - 5 | - 5 | - 5 | - 5 | - 5 | - 5 | 0 | - 1 | - 5 |
Tier 1 Capital | 21,188 | 21,654 | 21,617 | 21,501 | 21,530 | 21,659 | 22,330 | 21,298 | 21,895 |
Subordinated liabilities (EU IFRS) | 7,549 | 6,599 | 6,578 | 8,172 | 8,069 | 8,282 | 8,685 | 10,347 | 10,041 |
Regulatory adjustments | - 2,413 | - 2,309 | - 2,259 | - 3,699 | - 3,405 | - 3,194 | - 3,522 | - 3,541 | - 3,505 |
Tier 2 Capital | 5,136 | 4,289 | 4,319 | 4,472 | 4,664 | 5,089 | 5,163 | 6,806 | 6,536 |
Total regulatory Capital | 26,324 | 25,943 | 25,936 | 25,973 | 26,195 | 26,748 | 27,493 | 28,105 | 28,431 |
Risk-weighted assets (risk exposure amount) and capital ratios | |||||||||
31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 | |
(in millions) | |||||||||
Credit Risk (RWA) | 99,976 | 94,655 | 91,537 | 94,369 | 92,462 | 94,955 | 92,469 | 91,412 | 89,071 |
Operational Risk (RWA) | 16,049 | 14,054 | 13,730 | 15,616 | 16,685 | 17,352 | 17,680 | 18,148 | 19,391 |
Market Risk (RWA) | 1,668 | 1,857 | 1,926 | 2,051 | 1,334 | 1,816 | 1,908 | 2,144 | 1,362 |
Risk-weighted assets | 117,693 | 110,565 | 107,194 | 112,035 | 110,481 | 114,123 | 112,057 | 111,704 | 109,825 |
Common Equity Tier 1 ratio | 16.3% | 17.8% | 18.3% | 17.4% | 17.7% | 17.2% | 17.3% | 17.3% | 18.1% |
Tier 1 ratio | 18.0% | 19.6% | 20.2% | 19.2% | 19.5% | 19.0% | 19.9% | 19.1% | 19.9% |
Total Capital ratio | 22.4% | 23.5% | 24.2% | 23.2% | 23.7% | 23.4% | 24.5% | 25.2% | 25.9% |
2.5. Leverage ratio
2.6. Additional inf. Tier 1
GO BACK TO TABLE OF CONTENTS | |||||||||
Common Equity Tier 1 ratio - additional information (ABN AMRO) | |||||||||
(in millions) | 31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 |
ABN AMRO Bank | |||||||||
Common Equity Tier 1 capital | 19,206 | 19,672 | 19,635 | 19,519 | 19,548 | 19,677 | 19,355 | 19,315 | 19,913 |
Risk-weighted assets | 117,693 | 110,565 | 107,194 | 112,035 | 110,481 | 114,123 | 112,057 | 111,704 | 109,825 |
Common Equity Tier 1 ratio | 16.3% | 17.8% | 18.3% | 17.4% | 17.7% | 17.2% | 17.3% | 17.3% | 18.1% |
Common Equity Tier 1 ratio - Trigger1) | 7.000% | 7.000% | 7.000% | 7.000% | 7.000% | 7.000% | 7.000% | 7.000% | 7.000% |
ABN AMRO Bank Solo consolidated | |||||||||
Common Equity Tier 1 capital | not available | 19,785 | 19,717 | 19,615 | 19,645 | 19,780 | 19,461 | 19,425 | 20,014 |
Risk-weighted assets | not available | 115,510 | 112,195 | 114,902 | 113,549 | 118,329 | 117,588 | 116,217 | 114,702 |
Common Equity Tier 1 ratio | not available | 17.1% | 17.6% | 17.1% | 17.3% | 16.7% | 16.6% | 16.7% | 17.4% |
Common Equity Tier 1 ratio - Trigger1) | 5.125% | 5.125% | 5.125% | 5.125% | 5.125% | 5.125% | 5.125% | 5.125% | 5.125% |
Distributable items: ABN AMRO Bank N.V. (unconsolidated) | |||||||||
Share premium reserve | 12,970 | 12,970 | 12,970 | 12,970 | 12,970 | 12,970 | 12,970 | 12,970 | 12,970 |
Other reserves incl. retained earnings | 7,315 | 7,397 | 7,097 | 6,701 | 6,773 | 6,744 | 6,513 | 6,523 | 7,229 |
Actuarial gains and losses | - 6 | - 23 | - 24 | - 24 | - 24 | - 21 | - 20 | - 20 | - 8 |
Cash Flow Hedge reserve | - 1,540 | - 1,610 | - 1,632 | - 1,638 | - 1,854 | - 1,930 | - 1,917 | - 1,818 | - 1,648 |
Distributable items | 18,739 | 18,734 | 18,411 | 18,009 | 17,865 | 17,764 | 17,546 | 17,654 | 18,544 |
1) Following the legal merger of ABN AMRO Group NV into ABN AMRO Bank NV (effective as of 29 June 2019) the 7.0% trigger that initially applied to ABN AMRO Group now applies to ABN AMRO Bank. The ABN AMRO Bank Solo consolidated trigger of 5.125% has not changed following the legal merger. |
2.7. Liquidity
GO BACK TO TABLE OF CONTENTS | |||||||
Liquidity parameters (ABN AMRO) | |||||||
31 December 2021 | 30 June 2021 | 31 December 2020 | 30 June 2020 | 31 December 2019 | 30 June 2019 | 31 December 2018 | |
Loan to deposit ratio | 102.8% | 100.1% | 105.7% | 108.5% | 114.1% | 113.5% | 111.4% |
LCR | 156% | 166% | 149% | 133% | 134.0% | >100% | >100% |
NSFR | >100% | >100% | >100% | >100% | 114.0% | >100% | >100% |
Survival period (months) | >12 months | > 12 months | > 12 months | > 12 months | > 12 months | > 12 months | > 12 months |
Available Liquidity buffer (in EUR billion) | 101.5 | 108.5 | 106.3 | 107.6 | 80.5 | 83.1 | 84.5 |
2.8. Client Assets
GO BACK TO TABLE OF CONTENTS | ||||||||||||
Client Assets (ABN AMRO) | ||||||||||||
(in billions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Client Assets - Private Banking | ||||||||||||
Cash and deposits | 63.3 | 60.2 | 59.8 | 60.4 | 61.7 | 64.5 | 64.6 | 62.8 | 69.2 | 70.7 | 71.1 | 69.9 |
Securities | 150.6 | 145.0 | 143.3 | 138.6 | 127.9 | 116.3 | 112.4 | 104.5 | 126.0 | 124.6 | 130.8 | 127.4 |
Total Client Assets - Private Banking | 213.9 | 205.2 | 203.2 | 199.0 | 189.6 | 180.8 | 177.0 | 167.3 | 195.2 | 195.3 | 201.9 | 197.3 |
Net new assets | 2.6 | 1.4 | - 2.9 | 0.3 | - 1.0 | 1.2 | - 2.7 | - 6.2 | - 5.7 | 0.9 | 1.4 | 1.0 |
Client Assets - Retail Banking | ||||||||||||
Cash and deposits | 87.3 | 88.8 | 89.9 | 90.0 | 89.0 | 93.0 | 93.8 | 89.6 | 90.4 | 94.8 | 96.4 | 94.1 |
Securities | 12.4 | 12.0 | 11.8 | 11.4 | 10.6 | 9.6 | 9.7 | 8.9 | 11.0 | 10.7 | 10.9 | 10.9 |
Total Client Assets - Retail Banking | 99.7 | 100.8 | 101.7 | 101.4 | 99.7 | 102.6 | 103.5 | 98.5 | 101.3 | 105.5 | 107.3 | 105.0 |
Total Client Assets | 313.6 | 306.0 | 304.9 | 300.4 | 289.3 | 283.4 | 280.5 | 265.7 | 296.5 | 300.8 | 309.2 | 302.2 |
3.1 Retail Banking per Q
GO BACK TO TABLE OF CONTENTS | ||||||||||||
Results Retail Banking (ABN AMRO) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Net interest income | 462 | 397 | 565 | 608 | 648 | 656 | 656 | 678 | 676 | 729 | 746 | 752 |
Net fee and commission income | 87 | 83 | 69 | 73 | 76 | 68 | 73 | 86 | 93 | 96 | 90 | 85 |
Other non-interest income | 9 | 38 | 58 | 23 | 24 | 28 | 11 | 4 | 23 | 6 | 13 | 15 |
Operating income | 558 | 518 | 692 | 704 | 748 | 752 | 741 | 768 | 792 | 831 | 849 | 852 |
Personnel expenses | 102 | 104 | 104 | 105 | 104 | 103 | 105 | 97 | 110 | 99 | 101 | 101 |
Other expenses | 472 | 449 | 389 | 437 | 434 | 387 | 380 | 406 | 437 | 369 | 466 | 396 |
Operating expenses | 574 | 553 | 493 | 543 | 538 | 490 | 485 | 502 | 546 | 468 | 567 | 498 |
Operating result | - 16 | - 35 | 199 | 161 | 211 | 262 | 256 | 265 | 246 | 363 | 282 | 355 |
Impairment charges on financial instruments | - 12 | 7 | - 1 | - 35 | - 19 | 13 | 16 | 67 | 58 | 5 | 17 | 2 |
Profit before taxes | - 4 | - 42 | 200 | 197 | 230 | 249 | 240 | 198 | 188 | 358 | 265 | 353 |
Income tax expenses | 14 | - 11 | 37 | 44 | 63 | 58 | 60 | 48 | 55 | 89 | 65 | 90 |
Profit/(loss) for the period | - 18 | - 32 | 163 | 152 | 167 | 190 | 180 | 150 | 134 | 269 | 200 | 263 |
Cost/income ratio | 103% | 107% | 71% | 77% | 72% | 65% | 65% | 65% | 69% | 56% | 67% | 58% |
Cost of risk (in bps) * | - 4 | 2 | - 0 | - 8 | - 4 | 4 | 3 | 14 | 15 | 1 | 4 | 0 |
Other indicators Retail Banking (ABN AMRO) | ||||||||||||
31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 | 30 September 2019 | 30 June 2019 | 31 March 2019 | |
Loans and advances customers (in EUR billion) | 147.7 | 148.4 | 148.6 | 148.3 | 148.5 | 149.8 | 150.5 | 151.4 | 152.4 | 154.6 | 153.8 | 153.7 |
Of which: Client loans (in EUR billion) | 148.0 | 148.7 | 148.9 | 148.6 | 148.8 | 150.1 | 150.8 | 151.8 | 152.8 | 154.9 | 154.1 | 154.1 |
Due to customers (in EUR billion) | 87.3 | 88.8 | 89.9 | 90.0 | 89.0 | 91.4 | 93.8 | 89.6 | 90.4 | 94.8 | 96.4 | 94.1 |
Risk-weighted assets (in billion) | 34.2 | 28.2 | 28.0 | 28.8 | 26.7 | 27.3 | 27.2 | 27.6 | 28.4 | 27.9 | 27.9 | 27.8 |
Employee FTEs (end of period) | 4,518 | 4,458 | 4,479 | 4,518 | 4,525 | 4,481 | 4,443 | 4,405 | 4,340 | 4,340 | 4,375 | 4,434 |
3.2 Commercial Banking per Q
GO BACK TO TABLE OF CONTENTS | ||||||||||||
Results Commercial Banking (ABN AMRO) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Net interest income | 363 | 358 | 358 | 362 | 358 | 369 | 371 | 373 | 370 | 378 | 385 | 389 |
Net fee and commission income | 68 | 64 | 63 | 61 | 69 | 61 | 59 | 67 | 64 | 66 | 63 | 63 |
Other non-interest income | 10 | 7 | 9 | 7 | 6 | 9 | 3 | 9 | 8 | 8 | 6 | 5 |
Operating income | 441 | 429 | 429 | 431 | 432 | 439 | 433 | 449 | 442 | 453 | 455 | 457 |
Personnel expenses | 62 | 66 | 66 | 62 | 60 | 61 | 62 | 59 | 74 | 68 | 69 | 70 |
Other expenses | 255 | 204 | 202 | 216 | 225 | 181 | 183 | 207 | 211 | 187 | 162 | 177 |
Operating expenses | 317 | 271 | 268 | 279 | 285 | 243 | 245 | 266 | 284 | 255 | 231 | 247 |
Operating result | 124 | 159 | 161 | 152 | 147 | 197 | 188 | 183 | 157 | 198 | 224 | 210 |
Impairment charge on financial instruments | 122 | - 47 | - 50 | 16 | 134 | 102 | 81 | 225 | 58 | 50 | 12 | 61 |
Profit before taxes | 2 | 206 | 211 | 136 | 13 | 95 | 108 | - 43 | 99 | 147 | 211 | 149 |
Income tax expenses | 10 | 51 | 55 | 33 | 10 | 24 | 27 | - 11 | 27 | 36 | 53 | 38 |
Profit/(loss) for the period | - 8 | 155 | 156 | 103 | 4 | 71 | 81 | - 31 | 72 | 111 | 159 | 110 |
Cost/income ratio | 72% | 63% | 62% | 65% | 66% | 55% | 57% | 59% | 64% | 56% | 51% | 54% |
Cost of risk (in bps)* | 113 | - 56 | - 50 | 3 | 132 | 118 | 57 | 202 | 55 | 47 | 10 | 55 |
Other indicators Commercial Banking (ABN AMRO) | ||||||||||||
31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 | 30 September 2019 | 30 June 2019 | 31 March 2019 | |
Loans and advances customers (in EUR billion) | 41.4 | 39.5 | 39.2 | 39.2 | 39.2 | 40.1 | 40.7 | 42.0 | 41.8 | 42.6 | 42.9 | 42.9 |
Of which: Client loans (in EUR billion) | 42.6 | 40.6 | 40.3 | 40.3 | 40.4 | 41.3 | 41.7 | 42.9 | 42.6 | 43.3 | 43.6 | 43.5 |
Due to customers (in EUR billion) | 56.3 | 53.7 | 52.1 | 51.7 | 52.5 | 51.5 | 49.2 | 46.8 | 46.3 | 45.9 | 45.3 | 45.4 |
Risk-weighted assets (in billion) | 29.5 | 28.6 | 27.7 | 29.1 | 29.2 | 30.6 | 30.7 | 30.0 | 29.2 | 27.2 | 27.7 | 28.0 |
Employee FTEs (end of period) | 2,331 | 2,263 | 2,250 | 2,224 | 2,197 | 2,172 | 2,175 | 2,136 | 2,470 | 2,420 | 2,404 | 2,528 |
3.3 Private Banking per Q
GO BACK TO TABLE OF CONTENTS | ||||||||||||
Results Private Banking (ABN AMRO) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Net interest income | 153 | 161 | 159 | 162 | 154 | 163 | 167 | 153 | 158 | 162 | 173 | 174 |
Net fee and commission income | 162 | 154 | 145 | 141 | 130 | 123 | 119 | 129 | 132 | 126 | 126 | 125 |
Other non-interest income | 15 | 7 | 9 | 8 | - 4 | 269 | 15 | 6 | 13 | 7 | 24 | 7 |
Operating income | 330 | 322 | 313 | 311 | 280 | 556 | 301 | 289 | 302 | 295 | 323 | 307 |
Personnel expenses | 97 | 98 | 101 | 94 | 100 | 92 | 89 | 90 | 111 | 92 | 94 | 97 |
Other expenses | 140 | 139 | 136 | 147 | 133 | 139 | 158 | 144 | 125 | 131 | 134 | 147 |
Operating expenses | 238 | 237 | 238 | 241 | 234 | 231 | 247 | 233 | 236 | 223 | 228 | 244 |
Operating result | 92 | 85 | 75 | 69 | 47 | 324 | 54 | 55 | 66 | 72 | 95 | 63 |
Impairment charges on financial instruments | - 1 | - 4 | 5 | - 6 | - 4 | - 0 | 16 | 14 | - 0 | 9 | 10 | 2 |
Profit before taxes | 93 | 89 | 70 | 76 | 50 | 324 | 38 | 42 | 66 | 63 | 85 | 61 |
Income tax expenses | 29 | 23 | 18 | 23 | 20 | 97 | 20 | 14 | 20 | 19 | 19 | 20 |
Profit/(loss) for the period | 64 | 66 | 52 | 53 | 31 | 227 | 19 | 28 | 46 | 44 | 66 | 40 |
Cost/income ratio | 72% | 74% | 76% | 78% | 83% | 42% | 82% | 81% | 78% | 76% | 71% | 80% |
Cost of risk (in bps) | 2 | - 20 | 13 | - 17 | - 10 | 3 | 44 | 37 | - 2 | 23 | 30 | 7 |
Other indicators Private Banking (ABN AMRO) | ||||||||||||
31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 | 30 September 2019 | 30 June 2019 | 31 March 2019 | |
Loans and advances customers (in EUR billion) | 15.9 | 15.3 | 14.9 | 14.8 | 14.6 | 14.3 | 14.0 | 14.1 | 14.1 | 12.6 | 12.5 | 12.4 |
Of which: Client loans (in EUR billion) | 16.0 | 15.4 | 15.1 | 15.0 | 14.7 | 14.4 | 14.1 | 14.2 | 14.2 | 12.8 | 12.7 | 12.5 |
Due to customers (in EUR billion) | 63.3 | 60.2 | 59.7 | 60.3 | 61.5 | 64.4 | 64.5 | 62.8 | 69.2 | 70.5 | 67.7 | 66.3 |
Risk-weighted assets (in billion) | 10.6 | 10.3 | 9.7 | 9.9 | 10.3 | 10.5 | 10.5 | 10.2 | 10.1 | 9.6 | 10.0 | 10.1 |
Employee FTEs (end of period) | 2,886 | 2,867 | 2,892 | 2,889 | 2,848 | 2,825 | 2,804 | 2,872 | 2,751 | 2,763 | 2,923 | 2,983 |
3.4 Corp. & Inst. Banking p. Q
GO BACK TO TABLE OF CONTENTS | ||||||||||||
Results Corporate & Institutional Banking (ABN AMRO) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Net interest income | 229 | 228 | 202 | 244 | 257 | 272 | 292 | 302 | 301 | 311 | 313 | 304 |
Net fee and commission income | 135 | 117 | 127 | 136 | 116 | 110 | 136 | 166 | 118 | 127 | 130 | 129 |
Other non-interest income | 115 | 39 | - 30 | 39 | 18 | 60 | 55 | - 102 | 67 | 23 | 45 | - 3 |
Operating income | 479 | 384 | 300 | 419 | 392 | 443 | 482 | 366 | 486 | 461 | 488 | 430 |
Personnel expenses | 101 | 108 | 109 | 112 | 80 | 199 | 101 | 104 | 102 | 111 | 107 | 108 |
Other expenses | 194 | 148 | 149 | 203 | 199 | 184 | 149 | 194 | 185 | 160 | 143 | 181 |
Operating expenses | 295 | 256 | 257 | 315 | 279 | 383 | 250 | 298 | 287 | 271 | 250 | 289 |
Operating result | 184 | 128 | 42 | 104 | 113 | 60 | 232 | 68 | 199 | 190 | 239 | 141 |
Impairment charges on financial instruments | 14 | 35 | - 35 | - 51 | 111 | 154 | 591 | 804 | 199 | 49 | 90 | 38 |
Profit before taxes | 170 | 93 | 77 | 155 | 2 | - 94 | - 358 | - 736 | - 0 | 142 | 148 | 102 |
Income tax expenses | 21 | 21 | 35 | 40 | 60 | 146 | - 39 | - 161 | 4 | 31 | 39 | 27 |
Profit/(loss) for the period | 149 | 72 | 41 | 116 | - 58 | - 240 | - 319 | - 575 | - 4 | 110 | 110 | 76 |
Cost/income ratio | 62% | 67% | 86% | 75% | 71% | 87% | 52% | 81% | 59% | 59% | 51% | 67% |
Cost of risk (in bps)* | - 23 | 42 | - 86 | - 39 | 86 | 97 | 373 | 412 | 133 | 33 | 57 | 27 |
Other indicators Corporate & Institutional Banking (ABN AMRO) | ||||||||||||
31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 | 30 September 2019 | 30 June 2019 | 31 March 2019 | |
Loans and advances customers (in EUR billion) | 50.6 | 47.2 | 40.1 | 44.5 | 45.3 | 52.3 | 56.8 | 65.6 | 55.1 | 60.0 | 60.5 | 62.6 |
Of which: Client loans (in EUR billion) | 28.6 | 26.1 | 24.4 | 29.0 | 31.6 | 36.1 | 40.7 | 44.4 | 41.2 | 43.3 | 43.7 | 45.4 |
Due to customers (in EUR billion) | 38.1 | 33.7 | 29.9 | 30.1 | 28.7 | 28.5 | 28.6 | 32.9 | 26.5 | 32.0 | 27.7 | 31.4 |
Risk-weighted assets (in billion) | 39.5 | 38.9 | 37.8 | 39.9 | 39.5 | 41.4 | 39.2 | 39.5 | 37.9 | 36.5 | 36.1 | 36.9 |
Employee FTEs (end of period) | 2,298 | 2,276 | 2,356 | 2,373 | 2,480 | 2,507 | 2,492 | 2,457 | 2,517 | 2,493 | 2,522 | 2,504 |
3.5 Group Functions per Q
GO BACK TO TABLE OF CONTENTS | ||||||||||||
Results Group Functions (ABN AMRO) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Net interest income | 131 | 58 | 22 | - 13 | - 64 | 9 | 28 | 21 | 81 | 49 | 64 | - 46 |
Net fee and commission income | - 6 | - 5 | - 5 | - 5 | - 4 | - 4 | - 13 | - 10 | - 10 | - 6 | 3 | 12 |
Other non-interest income | 351 | 28 | - 19 | 1 | 16 | 13 | 12 | 42 | 9 | 19 | 140 | 69 |
Operating income | 477 | 81 | - 2 | - 17 | - 52 | 17 | 27 | 53 | 79 | 62 | 207 | 35 |
Personnel expenses | 209 | 198 | 219 | 205 | 218 | 204 | 171 | 181 | 187 | 173 | 183 | 190 |
Other expenses | - 199 | - 213 | - 247 | 261 | - 154 | - 193 | - 200 | - 181 | - 157 | - 142 | - 149 | - 141 |
Operating expenses | 10 | - 15 | - 28 | 466 | 64 | 10 | - 28 | - 0 | 30 | 31 | 34 | 49 |
Operating result | 467 | 96 | 26 | - 483 | - 117 | 7 | 56 | 53 | 49 | 30 | 172 | - 14 |
Impairment charges on financial instruments | - 0 | - 3 | 1 | - 0 | - 2 | 1 | - 0 | 1 | - 1 | - 1 | 0 | - 1 |
Profit before taxes | 468 | 99 | 25 | - 483 | - 115 | 6 | 56 | 52 | 49 | 32 | 172 | - 13 |
Income tax expenses | 102 | 18 | 44 | - 6 | - 26 | - 47 | 21 | 18 | - 19 | 8 | 14 | - 1 |
Profit/(loss) for the period | 365 | 81 | - 19 | - 477 | - 89 | 53 | 35 | 34 | 69 | 23 | 159 | - 11 |
Other Indicators Group Functions (ABN AMRO) | ||||||||||||
31 December 2021 | 30 September 2021 | 30 June 2021 | 31 March 2021 | 31 December 2020 | 30 September 2020 | 30 June 2020 | 31 March 2020 | 31 December 2019 | 30 September 2019 | 30 June 2019 | 31 March 2019 | |
Loans and advances customers (in EUR billion) | 2.7 | 3.3 | 3.6 | 3.8 | 4.7 | 4.7 | 4.8 | 4.5 | 4.2 | 5.8 | 5.5 | 5.1 |
Due to customers (in billions) | 6.2 | 12.7 | 14.5 | 13.5 | 6.8 | 12.7 | 9.5 | 6.1 | 2.7 | 5.0 | 5.6 | 6.3 |
Risk-weighted assets (in billion) | 4.0 | 4.5 | 3.9 | 4.3 | 4.7 | 4.4 | 4.4 | 4.4 | 4.1 | 4.4 | 4.9 | 5.2 |
Employee FTEs (end of period) | 7,922 | 7,836 | 7,662 | 7,413 | 7,184 | 6,966 | 6,770 | 6,492 | 5,899 | 5,797 | 5,728 | 6,513 |
4.1 Cost of Risk
GO BACK TO TABLE OF CONTENTS | |||||||||
Cost of risk | |||||||||
( in bps) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 |
Cost of risk - Mortgages | - 5 | 3 | - 1 | - 10 | - 3 | - 4 | 1 | 1 | 3 |
Cost of risk - Consumer loans | 14 | - 41 | 0 | 36 | - 10 | 121 | 95 | 104 | 127 |
Cost of risk - Corporate loans1 | 42 | - 6 | - 67 | - 26 | 105 | 108 | 251 | 338 | 102 |
Cost of risk - retail banking | - 4 | 2 | - 0 | - 8 | - 4 | 4 | 3 | 14 | 15 |
Cost of risk - commercial banking | 113 | - 56 | - 50 | 3 | 132 | 118 | 57 | 202 | 55 |
Cost of risk - private banking | 2 | - 20 | 13 | - 17 | - 10 | 3 | 44 | 37 | - 2 |
Cost of risk - corporate & institutional banking | - 23 | 42 | - 86 | - 39 | 86 | 97 | 373 | 412 | 133 |
Cost of risk - total | 11 | - 2 | - 23 | - 13 | 35 | 42 | 99 | 132 | 46 |
1 Please note that the cost of risk for corporate loans refers to Corporate loans to clients. |
5.1 Volatile items, Reg. levies
GO BACK TO TABLE OF CONTENTS | ||||||||||||
CVA. DVA and FVA results (pre-tax) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
CVA/DVA/FVA | 9 | 2 | 7 | 28 | 35 | 42 | 3 | -88 | 15 | -23 | -2 | -7 |
Hedge accounting related results (pre-tax) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Hedge accounting related results | 4 | 15 | 26 | -5 | 7 | 7 | 5 | 40 | -22 | 9 | 6 | 63 |
Equity participations results (pre-tax) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Equity partications results | 44 | 19 | 46 | -17 | -22 | 1 | -1 | -32 | 6 | 20 | 15 | 10 |
Regulatory levies (pre-tax) | ||||||||||||
(in millions) | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
Retail Banking | 89 | 33 | 20 | 82 | 77 | 19 | 31 | 65 | 65 | 25 | 25 | 69 |
Commercial Banking | 28 | 5 | 4 | 32 | 22 | 3 | 4 | 14 | 5 | 3 | 3 | 14 |
Private Banking | 6 | 6 | 4 | 15 | 7 | 3 | 4 | 27 | 20 | 4 | 4 | 28 |
Corporate & Institutional Banking | 51 | - | - 1 | 58 | 35 | 0 | 3 | 51 | 36 | 0 | 2 | 45 |
Group Functions | - | - | - 0 | 4 | - | - | 1 | 3 | - 0 | - 0 | 0 | 6 |
ABN AMRO Bank | 174 | 45 | 26 | 191 | 141 | 25 | 42 | 160 | 125 | 32 | 34 | 161 |
5.2 Results as published
GO BACK TO TABLE OF CONTENTS | ||||||||||||||
ABN AMRO Q4 2021 results | ||||||||||||||
Ticker: ABN NA / ABN.AS | ||||||||||||||
2019 | 2020 | 2021 | 2020 | 2021 | 2021 | 2021 | 2021 | Consensus | Actual vs | Actual vs | Comments on current quarter | |||
EUR m | FY | FY | FY | Q4 | Q1 | Q2 | Q3 | Q4 | Q4 | Consensus | Q4 20 | Q3 21 | ||
Results (as presented) | ||||||||||||||
Net interest income | 6,468 | 5,863 | 5,210 | 1,353 | 1,363 | 1,306 | 1,202 | 1,339 | 1,301 | 38 | 3% | -1% | 11% | Excl. Incidentals down vs. Q3 '21, reflecting deposit margin pressure and the non-core wind-down, partly offset by higher prepayment penalties |
Net fees and commissions | 1,632 | 1,558 | 1,664 | 387 | 406 | 399 | 413 | 446 | 411 | 35 | 9% | 15% | 8% | Improved vs. Q3 '21, mainly at Clearing, Global Markets and Private Banking |
Other non-interest income | 504 | 494 | 724 | 60 | 79 | 27 | 119 | 499 | 420 | 80 | 19% | Excl. Incidentals and volatile items, an increase vs. Q3 '21 reflecting higher trading volumes at CIB core and higher equity participations results | ||
Operating income | 8,605 | 7,916 | 7,597 | 1,800 | 1,847 | 1,732 | 1,734 | 2,284 | 2,132 | 152 | 7% | 27% | 32% | |
Personnel expenses | 2,247 | 2,280 | 2,324 | 563 | 579 | 600 | 575 | 571 | 590 | -19 | -3% | 1% | -1% | |
Other expenses | 3,021 | 2,976 | 3,482 | 838 | 1,264 | 628 | 727 | 863 | 858 | 5 | 1% | 3% | 19% | Higher reflecting the annual Dutch Bank tax (145m vs 90m in Q4'20) and higher FTEs (mainly AML activities) |
Operating expenses | 5,268 | 5,256 | 5,806 | 1,401 | 1,843 | 1,228 | 1,301 | 1,433 | 1,440 | -7 | 0% | 2% | 10% | |
Operating result | 3,337 | 2,660 | 1,791 | 400 | 4 | 504 | 432 | 851 | 692 | 159 | 23% | 113% | 97% | |
Impairment charges | 657 | 2,303 | -46 | 220 | -77 | -79 | -12 | 121 | 109 | 12 | 11% | -45% | Including management overlay CB. Management overlay 424m (380m Q3 '21). New and additional impairments in stage 3 low | |
Operating profit before taxes | 2,680 | 356 | 1,838 | 180 | 81 | 583 | 444 | 729 | 583 | 147 | 25% | 64% | ||
Income taxes | 634 | 401 | 604 | 126 | 135 | 190 | 102 | 177 | 132 | 46 | 35% | 40% | 75% | |
Profit for the period | 2,046 | -45 | 1,234 | 54 | -54 | 393 | 343 | 552 | 451 | 101 | 22% | 61% | ||
Minorities and AT1 coupons | 105 | 113 | 91 | 22 | 23 | 25 | 23 | 23 | 25 | -2 | -8% | 6% | 0% | |
Profit attributable to shareholders | 1,941 | -158 | 1,140 | 32 | -77 | 368 | 320 | 529 | 426 | 103 | 24% | 65% | ||
Pre tax result by business line | ||||||||||||||
Retail Banking | 1,165 | 917 | 350 | 230 | 197 | 200 | -42 | -4 | 43 | -47 | -109% | -102% | -91% | Incl. -12m impairments |
Commercial Banking | 606 | 173 | 555 | 13 | 136 | 211 | 206 | 2 | 106 | -103 | -98% | -84% | -99% | Incl. 122m impairments |
Private Banking | 275 | 454 | 328 | 50 | 76 | 70 | 89 | 93 | 78 | 15 | 19% | 85% | 5% | Incl. -1m impairments |
Corporate & Institutional Banking | 392 | -1,187 | 495 | 2 | 155 | 77 | 93 | 170 | 11 | 160 | 83% | Incl. 14m impairments | ||
o/w Core (2020 pro forma) | n/a | n/a | 813 | 106 | 174 | 257 | 170 | 212 | 86 | 126 | 146% | 100% | 24% | Incl. 3m impairments |
o/w non-Core (2020 pro forma) | n/a | n/a | -318 | -104 | -19 | -180 | -77 | -42 | -76 | 34 | -45% | -60% | -46% | Incl. 11m impairments |
Group Functions | 241 | -1 | 109 | -115 | -483 | 25 | 99 | 468 | 305 | 162 | 53% | Incl. 0m impairments | ||
Key ratios & Indicators | ||||||||||||||
NIM | 164 bps | 143 bps | 127 bps | 130 bps | 134 bps | 128 bps | 117 bps | 128 bps | 127 bps | 2 bps | ||||
C/I Ratio | 61.2% | 66.4% | 76.4% | 77.8% | 99.8% | 70.9% | 75.1% | 62.8% | 67.6% | -4.8% | ||||
Cost of risk | 24 bps | 78 bps | -7 bps | 35 bps | -13 bps | -23 bps | -2 bps | 11 bps | 18 bps | -7 bps | ||||
ROE | 10.0% | -0.8% | 5.8% | 0.7% | -1.6% | 7.6% | 6.5% | 10.8% | 8.0% | 2.8% | ||||
RWA | 109,825 | 110,481 | 117,693 | 110,481 | 112,035 | 107,194 | 110,565 | 117,693 | 114,986 | 2,708 | ||||
CET1 (FL B3) | 18.1% | 17.7% | 16.3% | 17.7% | 17.4% | 18.3% | 17.8% | 16.3% | 17.0% | -0.6% | Basel IV CET ratio c.16%; final 2021 dividend of 0.61 cent per share; 500m share buyback programme announced | |||
Leverage ratio (FL) | 5.2% | 5.8% | 5.9% | 5.8% | 5.6% | 5.8% | 5.8% | 5.9% | 5.3% | 0.6% | ||||
FTEs | 17,977 | 19,234 | 19,957 | 19,234 | 19,417 | 19,639 | 19,700 | 19,957 | Up vs. Q4 '20 reflecting AML activities, partly offset by the decline at non-core due to the wind-down | |||||
Per share data | ||||||||||||||
EPS reported | 2.06 | -0.17 | 1.21 | 0.03 | -0.08 | 0.39 | 0.34 | 0.56 | 0.45 | 0.11 | ||||
Shareholder's equity per share | 20.73 | 20.22 | 21.28 | 20.22 | 20.40 | 20.79 | 21.21 | 21.28 | 21.08 | 0.20 | ||||
Tangible shareholder's equity per share | 20.54 | 20.08 | 21.15 | 20.08 | 20.27 | 20.66 | 21.07 | 21.15 |
5.2b Breakdown large items
GO BACK TO TABLE OF CONTENTS | ||||||||||
ABN AMRO Q4 2021 results | ||||||||||
Ticker: ABN NA / ABN.AS | ||||||||||
2019 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2021 | 2021 | 2021 | |
EUR m | FY | FY | FY | YTD | YTD | Q4 | Q1 | Q2 | Q3 | Q4 |
Results (with further details & large items) | ||||||||||
Net interest income | 6,468 | 5,863 | 5,210 | 5,863 | 5,210 | 1,353 | 1,363 | 1,306 | 1,202 | 1,339 |
o/w Large Items | 45 | -57 | -176 | -57 | -176 | -57 | 0 | -30 | -148 | 2 |
o/w amortisation of penalty interest on mortgages | 0 | -80 | 0 | -80 | 0 | -80 | 0 | 0 | 0 | 0 |
o/w (mainly) revaluation claim on DSB | 45 | 23 | 26 | 23 | 26 | 23 | 0 | 0 | 26 | 0 |
o/w provision potential repayment | 0 | 0 | -30 | 0 | -30 | 0 | 0 | -30 | 0 | 0 |
o/w provision revolving consumer credit | 0 | 0 | -265 | 0 | -265 | 0 | 0 | 0 | -174 | -91 |
o/w TLTRO benefit | 0 | 0 | 93 | 0 | 93 | 0 | 0 | 0 | 0 | 93 |
Net fees and commissions | 1,632 | 1,558 | 1,664 | 1,558 | 1,664 | 387 | 406 | 399 | 413 | 446 |
Other non-interest income | 504 | 494 | 724 | 494 | 724 | 60 | 79 | 27 | 119 | 499 |
o/w Private Equity | 52 | -55 | 92 | -55 | 92 | -22 | -17 | 46 | 19 | 44 |
o/w CVA/DVA/FVA | -17 | -8 | 46 | -8 | 46 | 35 | 28 | 7 | 2 | 9 |
o/w Hedge accounting results / RFT | 56 | 59 | 40 | 59 | 40 | 7 | -5 | 26 | 15 | 4 |
o/w Large Items | 103 | 278 | 198 | 278 | 198 | 0 | 0 | -129 | 0 | 327 |
o/w divestments | 137 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
o/w SME Derivatives | -34 | 15 | 0 | 15 | 0 | 0 | 0 | 0 | 0 | 0 |
o/w sale office buildings | 0 | 263 | 327 | 263 | 327 | 0 | 0 | 0 | 0 | 327 |
o/w CIB non-core loan disposal (discount to book value) | 0 | 0 | -121 | 0 | -121 | 0 | 0 | -121 | 0 | 0 |
o/w provision potential repayment | 0 | 0 | -49 | 0 | -49 | 0 | 0 | -49 | 0 | 0 |
o/w revaluation gain on Tink | 0 | 0 | 41 | 0 | 41 | 0 | 0 | 41 | 0 | 0 |
Operating income | 8,605 | 7,916 | 7,597 | 7,916 | 7,597 | 1,800 | 1,847 | 1,732 | 1,734 | 2,284 |
Personnel expenses | 2,247 | 2,280 | 2,324 | 2,280 | 2,324 | 563 | 579 | 600 | 575 | 571 |
o/w Large Items | 33 | 111 | 0 | 111 | 0 | 6 | 0 | 0 | 0 | 0 |
o/w restructuring provisions | 3 | 116 | 0 | 116 | 0 | 11 | 0 | 0 | 0 | 0 |
o/w provision outstanding holiday entitlements | 0 | 17 | 0 | 17 | 0 | 17 | 0 | 0 | 0 | 0 |
o/w release discetionary variable remuneration | 0 | -22 | 0 | -22 | 0 | -22 | 0 | 0 | 0 | 0 |
o/w CLA effect (one-off) | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other expenses | 3,021 | 2,976 | 3,482 | 2,976 | 3,482 | 838 | 1,264 | 628 | 727 | 863 |
o/w Regulatory Levies | 352 | 368 | 435 | 368 | 435 | 141 | 191 | 26 | 45 | 174 |
o/w Large Items | 197 | 142 | 530 | 142 | 530 | 42 | 480 | 0 | 44 | 6 |
o/w AML provision | 174 | 44 | 0 | 44 | 0 | 26 | 0 | 0 | 0 | 0 |
o/w provision SME Derivatives | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
o/w restructuring provision | 0 | 64 | 0 | 64 | 0 | 16 | 0 | 0 | 0 | 0 |
o/w goodwill impairments | 0 | 34 | 0 | 34 | 0 | 0 | 0 | 0 | 0 | 0 |
o/w AML settlement | 0 | 0 | 480 | 0 | 480 | 0 | 480 | 0 | 0 | 0 |
o/w provision revolving consumer credit | 0 | 0 | 50 | 0 | 50 | 0 | 0 | 0 | 44 | 6 |
Operating expenses | 5,268 | 5,256 | 5,806 | 5,256 | 5,806 | 1,401 | 1,843 | 1,228 | 1,301 | 1,433 |
Operating result | 3,337 | 2,660 | 1,791 | 2,660 | 1,791 | 400 | 4 | 504 | 432 | 851 |
Impairment charges | 657 | 2,303 | -46 | 2,303 | -46 | 220 | -77 | -79 | -12 | 121 |
Operating profit before taxes | 2,680 | 356 | 1,838 | 356 | 1,838 | 180 | 81 | 583 | 444 | 729 |
Income taxes | 634 | 401 | 604 | 401 | 604 | 126 | 135 | 190 | 102 | 177 |
o/w write-off DTA CIB non-core | 0 | 120 | 0 | 120 | 0 | 0 | 0 | 0 | 0 | 0 |
o/w tax relief AT1 coupons | 0 | -55 | 0 | -55 | 0 | 0 | 0 | 0 | 0 | 0 |
Net operating profit | 2,046 | -45 | 1,234 | -45 | 1,234 | 54 | -54 | 393 | 343 | 552 |
Attachments
Disclaimer
ABN Amro Bank NV published this content on 09 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2022 08:27:30 UTC.