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ABN AMRO Bank 9 July 2020 Key Facts and Statistics - Q1 March 2020

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ABN AMRO Bank 9 July 2020 Key Facts and Statistics - Q1 March 2020 FINANCIAL INSTITUTIONS ISSUER PROFILE ABN AMRO Bank 9 July 2020 Key Facts and Statistics - Q1 March 2020 Company overview ABN AMRO Bank is a Dutch universal bank. It provides retail, private and commercial banking TABLE OF CONTENTS products and services to individuals, (ultra) high-net-worth clients, small and medium-sized Company overview 1 enterprises (SMEs), large companies and financial institutions. As of 31 December 2019, ABN Financial highlights 2 AMRO bank's assets represented 15.1% of the total aggregated consolidated assets of Dutch Business description 2 Distribution channels 4 credit institutions. As of 31 March 2020, ABN AMRO Bank’s consolidated assets stood at Ownership structure 5 €405.9 billion. Subsidiaries 5 The bank's domestic market is the Netherlands, which accounts for 83% of operating Company management 6 income, as of December 2019. In addition, the bank operates in several countries outside the Company history 7 Peer group 8 Netherlands throughout Europe, Asia, and North and South America. Related websites and information ABN AMRO Bank was established on 1 July 2010 as the result of a merger between Fortis sources 8 Moody’s related publications 9 Bank (Nederland) NV and the Dutch activities of former ABN AMRO Holding NV. The new ABN AMRO Bank NV is a subsidiary of a new parent company, ABN AMRO Group NV (ABN AMRO Group). In June 2019, ABN AMRO Group was merged with ABN AMRO Bank and the Contacts ABN AMRO Group ceased to exist. Guillaume Lucien- +33.1.5330.3350 Baugas As of 31 December 2019, all shares in the capital of ABN AMRO Bank were held by two VP-Senior Analyst foundations: Stichting Administratiekantoor beheer financiële instellingen (NLFI) and [email protected] Stichting Administratie kantoor Continuïteit ABN AMRO Bank (STAK AAB). On that date, Victor Henimann +33.1.5330.3352 NLFI1 held 56.3% in ABN AMRO Bank, of which 49.9% was directly held via ordinary shares Associate Analyst and 6.4% was indirectly held via depositary receipts (DRs) for shares in ABN AMRO Bank. [email protected] Sources: Company reports and De Nederlandsche Bank CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 MOODY'S INVESTORS SERVICE FINANCIAL INSTITUTIONS Financial highlights The financials presented below are those reported by the entity and are not adjusted for Moody’s analytic purposes. For Moody’s generated ratios on ABN AMRO Bank, please see <ABN AMRO Bank page on moodys.com>. Exhibit 1 Latest full-year results ABN AMRO Bank (in € Million) 31-Dec-19 31-Dec-18 31-Dec-17 % Change 19/18 % Change 18/17 Total Assets 375,054 381,295 393,171 (1.64) (3.02) Total Equity 21,471 21,360 21,330 0.52 0.14 Toal Equity excluding Minority Interest 21,471 21,358 21,310 0.53 0.22 Total Regulatory Capital 28,431 27,768 22,605 2.39 22.84 Common Equity Tier 1 Ratio (%) 18.1 18.4 17.7 (30) bps 70 bps Net Income 2,046 2,350 2,791 (12.94) (15.80) Net Income Attributable to Equity Holders 2,046 2,312 2,773 (11.51) (16.62) 1) Based on consolidated financial data 2) “Total Equity excluding Minority Interest” has been calculated by deducting “Equity attributable to other non-controlling interests” from “Total Equity”. Source: Company reports Exhibit 2 Latest first-quarter results ABN AMRO Bank (in € Million) 31-Mar-20 31-Mar-19 % Change 20/19 Total Assets 405,903 394,228 2.96 Total Equity 20,737 21,623 (4.10) Toal Equity excluding Minority Interest 20,737 21,621 (4.09) Total Regulatory Capital 28,105 23,452 19.84 Common Equity Tier 1 Ratio (%) 17.3 18.0 (70) bps Net Income (395) 478 N/M Net Income Attributable to Equity Holders (395) 478 N/M 1) Based on consolidated financial data 2) “Total Equity excluding Minority Interest” has been calculated by deducting “Equity attributable to other non-controlling interests” from “Total Equity”. Source: Company reports Business description ABN AMRO Bank is a full-service universal bank providing retail, private and corporate banking products and services, including current and deposit accounts, consumer loans, mortgages, insurance and investments, to individuals, high-net-worth clients, SMEs, and large corporate and financial institutions. The bank reports its operations through the following five reporting segments: Retail Banking, Commercial Banking, Private Banking, Corporate and Institutional Banking, and Group Functions. In Q1 2020, the largest contributor to the bank’s total operating income was the Retail Banking segment. Retail banking: This segment provides banking and insurance products and services to retail and smaller SME clients (with turnover up to €1 million) through its branch and online networks, contact centres and subsidiaries. It offers current, savings and deposit accounts; credit cards; consumer loans (including revolving and personal loans), commercial loans and mortgages; insurance; financial planning; payments; and investment services. In Q1 2020, the segment accounted for 39.9% of the bank’s operating income. As of 31 December 2019, the segment reported a consolidated asset base of €154.2 billion. Commercial banking: This segment banking products and services to corporate clients (with annual turnover between €1 million and €250 million) and companies operating in the commercial real estate segment (excluding publicly listed companies). It also offers This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history. 2 9 July 2020 ABN AMRO Bank: Key Facts and Statistics - Q1 March 2020 MOODY'S INVESTORS SERVICE FINANCIAL INSTITUTIONS asset-based finance for companies through ABN AMRO Commercial Finance Holding BV (factoring) and ABN AMRO Asset Based Finance NV (leasing). In Q1 2020, the segment accounted for 23.3% of the bank’s operating income. As of 31 December 2019, the segment reported a consolidated asset base of €44.0 billion. Private banking: This segment offers wealth management services to high-net-worth individuals (with more than €500,000 in investable assets in the Netherlands or €1 million outside the Netherlands) and ultra-high-net-worth individuals (with more than €25 million in investable assets). It provides savings accounts, cash and credit cards, loans (including international mortgages), payment services, wealth management and structuring, structured finance and other special products, discretionary portfolio management, asset management, investment advice, investment funds, treasury facilities and insurance. The segment conducts business through: » Private Banking Netherlands, which operates under the ABN AMRO MeesPierson brand » Private Banking International, which operates under ABN AMRO Private Banking and various local brand names, including Banque Neuflize OBC SA (France) and Bethmann Bank (Germany) In Q1 2020, the segment accounted for 15.0% of the bank’s operating income. As of 31 December 2019, the segment reported a consolidated asset base of €17.5 billion. On 28 February 2019, ABN AMRO completed the acquisition of Societe Generale Private Banking N.V., the private banking subsidiary of Societe Generale in Belgium. By acquiring 100% of the shares, ABN AMRO strengthened its market position in Belgium and its position as a leading private bank in the eurozone. Corporate and institutional banking: This segment provides products and services to corporate clients (with turnover more than €250 million) in the Netherlands and corporate clients in eight specific sectors in Northwest Europe including France, Germany, United Kingdom and Belgium. It comprises five product units that offer loan products (through structure finance and trade & commodity finance product units), flow products (through global markets product unit) and specialised products (through clearing and private equity product units). In Q1 2020, the segment accounted for 19.0% of the bank’s operating income. As of 31 December 2019, the segment reported a consolidated asset base of €72.2 billion. Group functions: This segment comprises the following group operations: Innovation and Technology, Finance (including ALM/ Treasury), Risk Management, Transformation and Human Resource, Group Audit, Strategy and Sustainability, and Corporate Office, which supports the bank’s other business segments. Its results include revenue from Asset and Liability Management/Treasury and Securities financing. In Q1 2020, the segment accounted for 2.8% of the bank’s operating income. As of 31 December 2019, the segment reported a consolidated asset base of €87.2 billion. Exhibit 3 Business segment (% of Operating Income, consolidated, for Q1 2020) Group Functions 2.8% Private Banking 15.0% Retail Banking 39.9% Corporate and Institutional Banking 19.0% Commercial Banking 23.3% Source: Company report 3 9 July 2020 ABN AMRO Bank: Key Facts and Statistics - Q1 March 2020 MOODY'S INVESTORS SERVICE FINANCIAL INSTITUTIONS Exhibit 4 Profit/(Loss) after tax per business segment (consolidated, in € Million) 2017 2018 2019 Q1 2020 1,500 1,329 1,126 1,000 866 860 448 500 453 386 426 313 291 196 221 240 150 28 39 34 0 (31) (4) (500) (575) (1,000) Retail Banking Commercial Banking Private Banking Corporate and Institutional Banking Group Functions Source: Company reports Distribution channels ABN AMRO Bank operates in several countries throughout Europe, Asia, and North and South America, servicing around 5 million customers. ABN AMRO Bank primarily delivers its products and services through mobile and internet banking. The Netherlands is ABN AMRO Bank’s largest market, accounting for 82.8% of its operating income in 2019. The geographical distribution of the bank’s operating income was as follows: Exhibit 5 ABN AMRO Bank (Operating income, %) Geographical Segment 2019 2018 The Netherlands 82.8 82.1 Rest of Europe 9.9 10.8 USA 3.8 3.5 Asia 2.8 2.8 Rest of the World 0.7 0.8 Total 100.0 100.0 Source: Company reports In 2019, the bank was the second largest in the Netherlands in terms of new mortgage production, with a combined market share of approximately 18% for all ABN AMRO brands.
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