London will still be at the heart of European capital markets, says ABN Amro boss [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Rick Nederstigt | AFP | Getty Images Dutch lender ABN Amro on Friday increased mid-term financial goals to improve its cost/income ratio further, and said its dividend payout ratio would likely rise from the current 50 percent, according to Reuters. In its first update on mid-term financial targets since its 2015 initial public offering (IPO), ABN said its cost/income ratio, a key measure of performance for banks, is on track to reach a 56 percent-58 percent target by 2020 and would fall below 55 percent by 2022. Dividend payout was raised to 60 pct for the third quarter of this year, which the company said was an indication of a sustained increase. Brexit ABN Amaro, like other European banks, has been preparing for the uncertainty surrounding U.K.'s exit from the European Union. We are based in the Netherlands so we can serve our clients from there. We have a UK operations so we can serve our UK clients from here. So clearly there is
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