ABN Amro tops estimates with modest Q2 profit rise
- Country:
- Netherlands
Dutch bank ABN Amro on Wednesday reported an unexpected 1% rise in second-quarter net profit to 693 million euros ($777 million), as interest income rose and impairments on bad loans decreased.
Analysts on average had predicted net earnings of 638 million euros in a company-compiled poll, after the lender posted net earnings of 688 million euros a year earlier. ($1 = 0.8921 euros)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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