Finance
ABN Amro Slumps as Net Interest Income Misses Estimates
- ABN Amro shares dropped as much as 9.3% in Amsterdam
- Clients’ search for high yield led to miss on interest income
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ABN Amro Bank NV slumped after third-quarter net interest income missed estimates as clients moved their savings to higher-yielding products.
The Dutch lender said the difference between what it earns from loans and pays on deposits rose to €1.53 billion ($1.6 billion) in the period, falling short of average analyst expectations of €1.65 billion.