ABN calls AT1 as markets dismiss extension risk

Tyler Davies

August 24, 2020 11:00 am

ABN_Amro_PA_575x375_240820 — ABN Amro CEO Gerrit Zalm declared in writing during the publication of the quarterly figures that he regrets the controversy that has arisen over the decision to increase the salary of the Board of Directors of the bank, which was later reversed. (Photo by Robin Utrecht) *** Please Use Credit from Credit Field *** ABN Amro topman Gerrit Zalm betreurt de commotie die is ontstaan over het besluit om het vaste salaris bij de Raad van Bestuur van de bank ter verhogen, wat later werd teruggedraaid. Dat heeft hij vandaag schriftelijk verklaard tijdens de bekendmaking van de kwartaalcijfers. (Photo by ROBIN UTRECHT) *** Please Use Credit from Credit Field *** | Robin Utrecht/SIPA USA/PA Images

ABN Amro has become the 18th bank to call an additional tier one (AT1) in 2020, as refinancing conditions continue to improve, despite the impact of the coronavirus pandemic.

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Tyler Davies