ABN AMRO Holding NV (ABNYY.PK) Wednesday said its profit before tax for the fourth quarter declined to 486 million euros from 729 million euros in the same period a year ago.
Net profit in the quarter decreased to 354 million euros or 0.37 euros per share from 552 million euros or 0.56 euros per share in the same period a year ago.
Net interest income, however, increased to 1.564 billion euros from 1.339 billion euros in the previous year. Net fee and commission income declined to 443 million euros from 446 million euros last year.
The company proposed a final dividend of 0.67 euros per share, to be paid on May 17, to shareholders on the record as on April 24.
Additionally, the company announced a share buyback of up to 500 million euros. This comprises depository receipts and ordinary shares of ABN AMRO Bank.
The share buyback will commence on February 9 and is expected to end no later than June 2023, the company said.
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