(CercleFinance.com) – On the occasion of the publication of its annual results, ABN Amro announced the launch of a share buyback program with a maximum total value of 500 million euros and for a number of shares not exceeding 10% of the issued shares.
This share buyback program will begin on February 10 and should end no later than June. Its objective is to reduce the share capital of the Dutch banking establishment and ‘to offer an attractive return to shareholders’.
In its 2021 financial year, ABN Amro earned a net profit of 1.23 billion euros, against a loss of 45 million the previous year, despite operating income down 4% to 7.6 billion. It will propose a final dividend of 0.61 euro per share.
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