Credit rating abn amro

Regulatory Disclosures. We have reviewed our ratings on eight financial institutions in the Netherlands under our revised "Financial Institutions Rating Methodology", credit rating abn amro. We have affirmed the ratings on these institutions, and the outlooks are unchanged. We have reviewed our ratings on six large European banks.

The Outlook is Stable. A full list of rating actions is below. Strong Standalone Credit Profile: ABN AMRO's ratings reflect its strong and fairly diversified universal banking business model, complemented by a solid European private banking foothold, and its moderate risk profile, which results in resilient asset quality. The bank's capitalisation, funding and liquidity are rating strengths. The ratings also consider the bank's adequate profitability with solid earnings but cost efficiency that is weaker than peers.

Credit rating abn amro

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Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision.

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A full list of rating actions is below. The revision of the Outlook reflects the bank's better than anticipated financial performance during the pandemic and the stabilisation of the Dutch operating environment. Fitch's updated economic assumptions for the Netherlands and northwest Europe ABN AMRO's core markets indicate strong economic recovery, despite some remaining risks related to the pandemic, supply chain disruptions and rising energy prices. The bank's strong risk-weighted capital ratios, funding and liquidity profile are rating strengths. Credit losses should increase next year but from a low base, and will remain notably below the normalised level, as we expect the bank to release some of its Covidrelated management overlay. The bank's strategic focus on domestic and northwest Europe customers in well-known and moderate risk profile industries is positive for asset quality. The bank's profitability metrics have structurally deteriorated recently, due to deposit margin compression, muted corporate loan demand and costly business restructuring and an anti-money laundering AML remediation programme. The bank's earnings benefit from significant contribution from low-risk retail banking, healthy diversification in fee income and deleveraging of non-core assets, which should contain future credit losses. The planned remaining cost reduction of EUR million by will be arduous and gain momentum only from , as expenses related to AML and non-core wind down will remain elevated next year albeit lower. ABN AMRO's stable and diversified funding is underpinned by a strong domestic deposit franchise, good access to the wholesale market and robust liquidity management.

Credit rating abn amro

The Outlook is Stable. A full list of rating actions is below. Strong Standalone Credit Profile: ABN AMRO's ratings reflect its strong and fairly diversified universal banking business model, complemented by a solid European private banking foothold, and its moderate risk profile, which results in resilient asset quality. The bank's capitalisation, funding and liquidity are rating strengths. The ratings also consider the bank's adequate profitability with solid earnings but cost efficiency that is weaker than peers. It offers a broad range of products and services to Dutch retail, corporate and wealth management clients. Solid positions in these segments in selected north-west European markets and a leading global position in international clearing services provides moderate geographical and business diversification. Moderate Risk Appetite, Sound Controls: ABN AMRO's underwriting standards are prudent, with a strategic focus on low-risk domestic mortgage loans and well-executed exit from riskier and cyclical sectors such as energy, shipping and trade and commodity finance. Risk controls are robust and sophisticated, with granular limits.

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We use technologies to personalize and enhance your experience on our site. Credit quality also benefits from the bank's focus on sectors with moderate risk profiles in north-west Europe, diversified Dutch SME lending and prudent corporate loan origination. Per-article purchases are managed by Alacra. GDP growth will remain modest with still high interest rates and infla Growing numbers of banks are issuing credit risk transfer securitizations to manage regulatory capital requirements. Additional information is available on www. Issuer Credit Rating. A Regulatory Disclosures. The bank's appetite for traded market risk is low. The senior non-preferred and senior preferred debt and deposit ratings and the DCR are primarily sensitive to changes to the IDRs. Need a Rating?

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It offers a broad range of products and services to Dutch retail, corporate and wealth management clients. Resolution Counterparty Rating. However, cost inflation, including from resources allocated to its anti-money laundering AML remediation programme, has thwarted its ability to meet its cost target. We expect earnings to continue to benefit in the near term from high rates and a gradual pickup in fee income. Local Currency LT. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. The bank's appetite for traded market risk is low. Local Currency ST. ST IDR. Risk controls are robust and sophisticated, with granular limits. Related Credit News and Research « 1 current 2 3 4 5 ». GDP growth will remain modest with still high interest rates and infla Learn More RatingsDirect subscriber login Request a demo. Growing numbers of banks are issuing credit risk transfer securitizations to manage regulatory capital requirements.