ABN Amro and other Dutch banks are paying for the nationalization of SNS in 2012. The company is due to pay a total of 200 million euros this year in three installments.
The cost-to-income ratio fell to 58 percent in the first quarter from 71 percent in the last three months of 2013. The company targets a level of 56 percent to 60 percent by 2017. Return on equity was 10.9 percent in the first three months compared with a 2017 target of 9 percent to 12 percent.