ABN AMRO 1Q Profit Beat Views, Impairments Were Lower Than Expected

ABN AMRO Bank NV beat expectations on Wednesday as improved deposit margins from a higher interest-rate environment and lower impairments boosted profits for the first quarter of 2023.

The Dutch lender posted a net profit of 523 million euros ($573.3 million) for the three months to March 31 compared with the EUR346 million expected by a company-complied consensus and with EUR295 million a year earlier.