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ABN Amro second-quarter profit beats expectations

Reuters  |  AMSTERDAM 

By Bart MeijerAMSTERDAM (Reuters) - Dutch bank ABN Amro reported on Wednesday a larger than expected 45 percent rise in second-quarter underlying net profit, helped by a growing loan book and lower costs.Underlying net of 960 million euros ($1.1 billion) compares with an average forecast of 750 million by analysts polled by the bank, and with 662 million a year before."The underlying trend in the second quarter was generally positive and supported by continued growth of the Dutch economy", Chief Executive Kees van Dijkhuizen said in a statement.Earnings were helped by a 200 million euro gain ...

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First Published: Wed, August 09 2017. 11:47 IST