Heerlen/Amsterdam, April 21, 2020. Following the poor first quarter due to the COVID-19 pandemic, ABP's financial position improved in the second quarter. This was largely the result of the good return on investments. However, the lower interest put the brake on an increase in coverage ratio. ABP, with its coverage ratio of 85.2% at the end of June, remains in the danger zone and, as things stand, pensions would need to be cut next year.

Highlights:
•    Coverage ratio of 85.2% at end of June
•    Return in Q2 +€31 billion, return in first half year -€14.4 billion
•    Pension liabilities increase in first half year by €53 billion due to lower interest

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