ABN Amro CEO expects loan growth to withstand rate hikes
CEO Marguerite Bérard expects ECB rate hikes to have minimal impact on lending. The bank lowered its 2027 GDP forecasts but saw Q1 corporate loans grow.
Xurve View
Xurve View
ABN Amro CEO Marguerite Bérard expects lending growth to withstand 50 basis points of European Central Bank rate hikes planned for this year. The bank added €1.5B to its corporate loan portfolio during the first quarter despite rising competition from private credit funds.
Bérard told reporters during a midday Wednesday call that higher borrowing costs will not push clients toward private debt markets. ABN Amro forecasts the ECB will begin cutting rates in 2027 after the 50-basis-point increase this year.
