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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  ABN AMRO Group    ABN   NL0011540547

ABN AMRO GROUP (ABN)
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ABN AMRO : lowers interest rates on a number of retail savings accounts

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10/06/2017 | 10:35am CEST

ABN AMRO will lower interest rates on a number of retail savings accounts as from 10 October. The interest paid on the Direct Sparen savings account, which offers instant access to deposits, will be lowered from 0.10% to 0.05%. The interest paid on the KinderToekomstSpaarrekening, a children's savings account, will remain unchanged. Clients have been informed of the changes.

The bank is making these changes in response to negative interest rates on the money market and low interest rates on the capital market. More information on how interest rates are set is available in this news item. A complete list of ABN AMRO's current interest rates is available here.

ABN Amro Group NV published this content on 06 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 October 2017 08:34:02 UTC.

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Financials (€)
Sales 2018 8 860 M
EBIT 2018 3 463 M
Net income 2018 2 212 M
Debt 2018 2 007 M
Yield 2018 5,77%
P/E ratio 2018 9,52
P/E ratio 2019 9,23
EV / Sales 2018 1,38x
EV / Sales 2019 1,38x
Capitalization 10 263 M
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Average target price 27,2 €
Spread / Average Target 24%
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Kees C. van Dijkhuizen Chief Executive Officer
Tom de Swaan Chairman-Supervisory Board
Clifford Abrahams Chief Financial Officer
Christian Bornfeld Chief Innovation & Technology Officer
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