ABN Amro posts Q2 net interest income above estimates

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August 7, 2024 1:11 AM EDT

FILE PHOTO: ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. Picture taken May 14, 2019. REUTERS/Piroschka van de Wouw/File Photo

(Reuters) - Dutch lender ABN Amro beat second-quarter net interest income expectations on Wednesday, benefiting from a "higher for longer" environment for interest rates.

The bank's net interest income, a key measure of earnings on loans minus deposit costs, fell 1% to 1.61 billion euros ($1.76 billion) in the second quarter, compared to a year earlier.

That beat analysts' average forecast of 1.58 billion euros in a company-compiled poll.

($1=0.9164 euros)

(Reporting by Leo Marchandon and Matteo Allievi; Editing by Clarence Fernandez)


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