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Articles for Abn, search results for interest

Savers with over €57,000 to lose much more to Box 3 tax due to higher interest rates
11 months, 2 weeks ago

Savers with over €57,000 to lose much more to Box 3 tax due to higher interest rates

NL Times  

Taxpayers with more than 57,000 euros in savings will pay much more capital gains tax in Box 3 for 2023 than was stated in their provisional assessment. But due to savings interest rates increasing significantly last year, the Tax Authority will assume savers achieved a 0.92 percent return on their savings in 2023, the Financieele Dagblad reports based on calculations …

Savings Tax Box Return Savers Bruel
Dutch State set to sell off another 10 percent of ABN Amro
1 year ago

Dutch State set to sell off another 10 percent of ABN Amro

NL Times  

The Dutch State plans to sell another 10 percent of its ABN Amro shares, bringing its stake in the bank down to around 40 percent. The sale will happen through a pre-arranged trading plan executed by BofA Securities Europe, said the NLFI, the foundation that manages government interests in financial institutions on behalf of the Dutch State. It will reduce …

Dutch Dutch State State
Dutch economy to grow slightly this year despite recession: ABN Amro
1 year, 3 months ago

Dutch economy to grow slightly this year despite recession: ABN Amro

NL Times  

ABN Amro expects the Dutch economy to grow slightly by 0.5 percent this year. Rising interest rates due to central bank interest rate increases also have a slowing effect because, for example, it makes borrowing more expensive. In addition, the European Central Bank’s target for inflation of 2 percent remains out of sight, according to ABN Amro. ABN Amro also …

Economy Dutch Bank Dutch Economy This Year Amro Abn
No recession, but little growth for Dutch economy this year: ABN Amro
1 year, 9 months ago

No recession, but little growth for Dutch economy this year: ABN Amro

NL Times  

The Dutch economy will not shrink this year, but its growth will slow down, ABN Amro expects. The bank predicts that the economy will grow 1.2 percent this year and 1.3 percent next year. Over the past two years, the Dutch economy grew more than 4 percent per year. The bank expects that consumer prices will rise by 4.4 percent …

Economy Dutch Bank Dutch Economy This Year
Netherlands set to sell off more of its stake in ABN Amro
1 year, 10 months ago

Netherlands set to sell off more of its stake in ABN Amro

NL Times  

The Dutch State plans to sell off more of its stake in ABN Amro. The Dutch government nationalized ABN Amro in 2008 when the bank threatened to collapse at the start of the credit crisis. The government put the bank back on the stock exchange in 2015, making clear that it would eventually sell all its interests in ABN Amro. …

State Abn
ABN Amro profit up over 55% to €1.9 billion due to rising interest rates
1 year, 10 months ago

ABN Amro profit up over 55% to €1.9 billion due to rising interest rates

NL Times  

One of the largest banks in the Netherlands, ABN Amro, saw profits last year rise by more than half compared to a year earlier. The interest rates mean ABN Amro can earn wider margins on savings that people have deposited with the bank. ABN Amro now also thinks it is in a strong enough position to reward its shareholders, which …

Dutch Netherlands Bank Interest Euros Amro Abn
Dutch housing prices will fall 10 percent over two years, says ABN Amro
1 year, 10 months ago

Dutch housing prices will fall 10 percent over two years, says ABN Amro

NL Times  

Home prices in the Netherlands will fall 10 percent in the coming two years, 6 percent in 2023, and 4 percent in 2024, ABN Amro expects. This is because mortgage interest rates have risen sharply while disposable income is under pressure from inflation,” ABN Amro economist Philip Bokeloh said. The higher mortgage interest rates mean people can borrow less on …

Prices Amro Abn
ABN Amro: Netherlands can expect recession, but turnaround will lead to 2023 growth
2 years ago

ABN Amro: Netherlands can expect recession, but turnaround will lead to 2023 growth

NL Times  

The high inflation and rising interest rates are putting pressure on the Dutch economy, which will therefore wind up sliding into a recession. Because wages will also continue to rise and the government is limiting energy costs, consumers will likely start spending more starting in the second quarter next year. Despite that, experts at ABN Amro still think that consumer …

Interest Rates Next Year
Affordable housing plan under increasing pressure: ABN Amro report
2 years, 1 month ago

Affordable housing plan under increasing pressure: ABN Amro report

Dutch News  

High costs, rising interest rates, slow processes for granting permits and uncertainty about policy changes are making it increasingly unlikely government targets for building affordable homes will be met, ABN Amro economists have said in a new report. Housing minister Hugo de Jonge has pledged to build 900,000 new homes by 2030, of which 60% must be affordable rentals or …

Homes Housing Plan
Affordable housing plan under increasing pressure: ABN Amro report
2 years, 1 month ago

Affordable housing plan under increasing pressure: ABN Amro report

Dutch News  

High costs, rising interest rates, slow processes for granting permits and uncertainty about policy changes are making it increasingly unlikely government targets for building affordable homes will be met, ABN Amro economists have said in a new report. Housing minister Hugo de Jonge has pledged to build 900,000 new homes by 2030, of which 60% must be affordable rentals or …

Homes Housing Plan
Increasingly difficult to build new homes: ABN Amro
2 years, 1 month ago

Increasingly difficult to build new homes: ABN Amro

NL Times  

The construction of new homes is becoming increasingly difficult due to unfavorable market conditions, ABN Amro wrote in a report on the construction sector. According to the bank, rising interest rates, higher sustainability and quality requirements, and difficult permits due to the nitrogen issue are causing headwinds. ABN Amro concludes that “delivering energy-efficient and affordable new construction is a tough …

New Homes
ABN Amro raising savings account interest rate slightly along with ING, Rabobank
2 years, 2 months ago

ABN Amro raising savings account interest rate slightly along with ING, Rabobank

NL Times  

ABN Amro has announced that it will increase the savings account interest rate as of 1 December. According to the bank’s CEO, Robert Swaak, this step means that "we are returning to more normal waters.” ING will apply the same interest rate from 1 December for savings balances of up to 10,000 euros from all private customers of the bank, …

Interest Rates Account Million Euros Private Savings
Home prices to drop 2.5% next year: ABN Amro
2 years, 2 months ago

Home prices to drop 2.5% next year: ABN Amro

NL Times  

Home prices will fall 2.5 percent next year, ABN Amro economists predicted in a report on the housing market. The number of home purchases is falling, there are more homes for sale, and everything indicates that, after years of unprecedented price increases, house prices will fall next year,” ABN Amro wrote. “The increased housing requirements due to working from home, …

Prices Price Fall House House Prices Next Year Home Prices
ABN Amro and ING to refund customers €200 million for too-high interest charges
2 years, 3 months ago

ABN Amro and ING to refund customers €200 million for too-high interest charges

NL Times  

ABN Amro and ING set aside almost 200 million euros extra to compensate customers who paid too much interest in the past. Financial complaints institute Kifid ruled that the banks had to compensate customers for the overpaid interest and reimburse the interest on the interest they missed out on, NOS reports. ABN Amro added another 120 million to its previous …

Interest Million Customers Ing
Number of home sales to drop 17% this year: ABN Amro
2 years, 5 months ago

Number of home sales to drop 17% this year: ABN Amro

NL Times  

Due to the rising mortgage rates, ABN Amro expects even fewer homes to change hands this year than previously thought. For next year, the bank expects a 2.5 percent decrease instead of the previously anticipated stabilization. Due to the loss of purchasing power as a result of inflation and high energy costs, there is less room for mortgage spending,” said …

Drop 17
Recession is likely says chief economists at ING, Rabobank, ABN Amro
2 years, 7 months ago

Recession is likely says chief economists at ING, Rabobank, ABN Amro

NL Times  

The Netherlands can expect a loss of prosperity and a possible recession on the horizon. There are still numerous caveats, such as how quickly the gas supply from Russia will be stopped, whether there will be an interest rate hike from the European Central Bank, and how the pandemic is developing in China. "The big question is whether the interest …

Rate Ecb Ing Rabobank Phlippen
More ABN Amro clients to pay negative interest on savings
3 years, 2 months ago

More ABN Amro clients to pay negative interest on savings

NL Times  

From January 1, ABN Amro customers with more than 100,000 euros in savings will be charged negative interest. ABN Amro customers will have to pay 0.5 percent interest on the part of their savings that exceed 100,000 euros. ABN Amro, and other banks, have to keep part of their customers' savings at the European Central Bank, and they have to …

Savings Bank Interest Customers Negative Interest Pay Negative
ABN AMRO made to compensate clients after overcharging on loan interest
3 years, 3 months ago

ABN AMRO made to compensate clients after overcharging on loan interest

NL Times  

The Dutch Consumer’s Union reached an agreement with ABN AMRO to compensate clients who paid too much interest for their running credit from ABN AMRO, ALFAM and ICS. The interest rate for these accounts needs to move with the market rate, yet the interest rate at ABN AMRO did not fall when the market rate did. ABN AMRO will now …

Interest Rate Amro Abn
House buying heats up during the coronavirus pandemic
3 years, 8 months ago

House buying heats up during the coronavirus pandemic

Dutch News  

If there’s one lesson from the past year of the pandemic, it’s how important it is to have a good home. ‘The market is really heated at the moment,’ says ABN Amro mortgage adviser Michael Smits. A buying agent can guard your interests in making sure that even if you are in a rush to buy, you have a clause …

Dutch Mortgage House Buy Offer Buying
House buying heats up during the coronavirus pandemic
3 years, 8 months ago

House buying heats up during the coronavirus pandemic

Dutch News  

If there’s one lesson from the past year of the pandemic, it’s how important it is to have a good home. ‘The market is really heated at the moment,’ says ABN Amro mortgage adviser Michael Smits. A buying agent can guard your interests in making sure that even if you are in a rush to buy, you have a clause …

Dutch Mortgage House Buy Offer Buying
Covid crisis to stabilize, not decrease Dutch housing prices: ABN Amro
4 years, 2 months ago

Covid crisis to stabilize, not decrease Dutch housing prices: ABN Amro

NL Times  

Instead of decreasing home prices in the Netherlands, the coronavirus crisis will instead stabilize them, according to ABN Amro economist Philip Bokeloh. Earlier this year, the bank expected the crisis to result in a 2 percent drop in home prices next year, now it expects prices to remain stable. According to Bokeloh, a big reason for the housing market to …

Prices Bokeloh