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". We have affirmed the ratings on these institutions, and the outlooks are unchanged.

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.

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. Learn More.

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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.

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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Your credit card statement will list Alacra as the sales agent. Stable , Diversified Funding ; Sound Liquidity: ABN AMRO's funding and liquidity profile benefits from its strong domestic deposit franchise, which typically provides around two-thirds of its funding, good access to wholesale markets and ample liquidity that comfortably covers short-term wholesale maturities. We also expect the A full list of rating actions is below. Resolution Counterparty Rating. 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. ST IDR. The latter would most likely lead to a re-assessment of the bank's risk profile. They are also sensitive to Fitch reassessing their non-performance risk relative to the risk captured in the VR. Because of a dynamic property market in the Netherlands over the past two years, economic imbalances in the country have not reduced, as we previously thought might be the case. A-1 Regulatory Disclosures. Senior preferred. Timezone: HKT. 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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We have reviewed our ratings on six large European banks. It offers a broad range of products and services to Dutch retail, corporate and wealth management clients. A full list of rating actions is below. However, cost inflation, including from resources allocated to its anti-money laundering AML remediation programme, has thwarted its ability to meet its cost target. They are also sensitive to Fitch reassessing their non-performance risk relative to the risk captured in the VR. An upgrade of the GSR would require a higher propensity by the Dutch sovereign to support its banks, which is highly unlikely in light of the prevailing resolution regime, in Fitch's view. The latter would most likely lead to a re-assessment of the bank's risk profile. The review considered the banks' likely balance sheet resilience in the face of the pandemic, as well as their medium-term profitability outlook. Visit our Privacy Policy to learn more or manage your personal preferences in our Tool. Key Rating Drivers 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. 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.