ABN Amro Delays Buyback Decision as It Clarifies Capital
- RBC analyst says lender’s decision is ‘disappointing’
- Bank’s third-quarter results beat average analyst estimate
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ABN Amro Bank said it needs more time to decide on the next share buyback as it comes to terms with new capital rules.
The implementation of global capital standards “is taking longer than anticipated,” the Dutch lender said in its third-quarter earnings statement on Wednesday. As a result, it has postponed a decision on “potential room” for buybacks to the publication of its second-quarter results next year, scheduled for August.