ABN AMRO rises after profit jump as chipmakers gain

ABN AMRO shares rose 1.1% in Amsterdam on Wednesday after the bank reported a sharp increase in quarterly net profit, which it attributed to higher interest income. The bank also raised its outlook for interest income for 2026, according to ANP.

Chief executive Marguerite Bérard called it “another strong quarter” and said the Dutch economy had remained “resilient”.

The AEX index was up 0.9% shortly after the opening, at 1,142.36 points. Chipmakers ASML, ASMI and Besi were its strongest risers, gaining as much as 5%.

The MidKap index fell 0.4% to 1,119.27, dragged down by a 20% drop in Czech defence company CSG. Its revenue rose in the first nine months of the year, but it lowered its forecast for this year’s profit margin. Frankfurt, London and Paris markets rose by up to 1.1%.