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ABN ABN AMRO Bank N.V.

15.85
0.265 (1.70%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ABN AMRO Bank N.V. EU:ABN Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.265 1.70% 15.85 15.80 15.88 15.97 15.605 15.605 3,452,415 16:40:00

ABN AMRO records incidental net loss of USD 200 million

26/03/2020 7:00am

GlobeNewswire Inc.


ABN AMRO Bank N.V (EU:ABN)
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ABN AMRO records incidental net loss of USD 200 million

ABN AMRO records incidental net loss of USD 200 million

As a result of the unprecedented volumes and volatility in financial markets following the outbreak of COVID 19, ABN AMRO Clearing will incur a USD 250 million pretax incidental loss on one of its US clients. The net loss is approximately USD 200 million (EUR 183 million).  The client had a specific strategy, trading US options and futures, and failed to meet the minimum risk and margin requirements following extreme stress and dislocations in US markets. To prevent further losses, ABN AMRO Clearing decided to close-out the positions of this client. The impact will be included in the first quarter 2020 results of ABN AMRO.

ABN AMRO Clearing serves professional clients that are active in financial markets worldwide. Historically ABN AMRO Clearing has a track record of low credit losses.

Investor Relations                                                       Press Relations Dies Donker                                                                  Ariën Bikker+31(0)20-6282282                                                        +31 (0)20-6288900investorrelations@nl.abnamro.com                              pressrelations@nl.abnamro.com

This press release is published by ABN AMRO Bank N.V. and contains inside information within the meaning of article 7 (1) to (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation)

 

 

 

Attachment

  • 20200326 Press Release Clearing UK

1 Year ABN AMRO Bank N.V Chart

1 Year ABN AMRO Bank N.V Chart

1 Month ABN AMRO Bank N.V Chart

1 Month ABN AMRO Bank N.V Chart

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