ABN AMRO Clearing Bank today published its 2020 Annual Report

As the Covid-19 pandemic dominated our communities, economies and social lives, it also significantly impacted AACB financial statements over 2020, with net profit for the year amounting to EUR 14 million. Compared to 2019, this represented a decrease of EUR 97 million.

An enormous increase in trading activity and market volatility on financial markets was seen as of late February continuing well into March 2020, leading to a record number of cleared volumes and consequently high fee income. Unfortunately around the same time, AACB also faced a large client loss in the US.

AACB is looking with confidence to the future. After the incurred US client loss in March 2020, additional investments in AACB’s risk framework and furthermore, the de-risking in the client portfolio, led to an improved foundation for the years to come. Following our client’s ambitions, AACB expands its product offering and global presence on international trading venues triggering opportunities for growth. Exchange-traded volumes continue to rise in every major activity centre and we feel well equipped to support our client’s participation in this growth.

Please read and download the 2020 annual report here