Dutch bank ABN Amro resumes dividend payments as Q2 net profit beats

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Dutch bank ABN Amro resumes dividend payments as Q2 net profit beats
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ABN Amro said it would resume dividend payments when reporting its latest results.

said on Wednesday it would resume dividend payments as an economic recovery in the Netherlands had helped a stronger-than-expected bounce in net profit.

Analysts in a company-compiled poll had predicted an average net profit of 266 million euros for the April-June period. Largely state-owned ABN released 79 million euros of impairments made during the coronavirus crisis, which partly offset a steep decline in net interest income as low rates continued to hurt its profit margins.

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