The bank booked an impairment charge in the period of €1.11bn compared with €102m for the first quarter in 2019

ABN AMRO Bank on 13 May reported a swing to net loss for the first quarter of the year after booking a large impairment charge due to Covid-19, oil prices and market developments.

The Dutch lender made a net loss for the quarter of €395m ($427.1m) compared with a profit €478m in the year-earlier period and a consensus loss of €242.9m, taken from FactSet and based on three analysts’ estimates.

Ian Walker 

ABN AMRO Bank

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ABN swings to loss for first quarter

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