Finance
ABN Amro Lifts Interest Income Outlook as Rates Boost Lasts
- The Dutch bank now expects more than €6.4 billion this year
- ABN is benefiting from a ‘favorable’ interest rate environment
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ABN Amro Bank NV raised its outlook for lending income, showing how Europe’s high interest rates continue to provide tailwind for the banking industry.
The Dutch lender lifted the full-year guidance for the metric to above €6.4 billion ($7 billion) from about €6.3 billion previously thanks to “higher-for-longer interest rates,” it said in a statement on Wednesday.