ABN Amro Working Hard to Offset Effects of Lower Rates: CFO

The transcript covers a discussion on ABN Amro's financial performance, focusing on revenue and net interest income. It addresses the challenges posed by low interest rates and the bank's strategies to mitigate these effects, including cost management and passing negative rates to clients. The conversation also touches on the ECB's potential actions, money laundering prevention efforts, the implications of a hard Brexit, and the ongoing search for a new CEO. The bank's strategic focus on local market success and profitable growth abroad is highlighted.

What aspect of ABN Amro's financial performance was highlighted as positive despite low interest rates?

• Cost reduction

• Asset management

• Loan growth

• Net interest income

How is ABN Amro addressing the challenge of low interest rates?

• Increasing loan interest rates

• Passing costs to clients and controlling expenses

• Reducing employee salaries

• Expanding into new markets

What is the expected range for ABN Amro's cost-income ratio next year?

• 60% to 62%

• 54% to 56%

• 50% to 52%

• 56% to 58%

What is ABN Amro's approach to money laundering prevention?

• Ignoring minor compliance issues

• Outsourcing compliance tasks

• Increasing investment in compliance systems

• Reducing staff in compliance

What is Clifford's view on the impact of a hard Brexit?

• It will have no impact

• It will benefit the UK economy

• It will be a localized issue

• It will have a global impact

What is the current status of the CEO search at ABN Amro?

• The position has been eliminated

• The current CEO will extend his term

• The search is ongoing

• A new CEO has been appointed

What strategic focus does ABN Amro have for growth?

• Only domestic growth

• Only international growth

• Balanced domestic and international growth

• No growth strategy