Dutch bank ABN Amro sees profits grow in fourth quarter
Posted February 15, 2017 6:00 am
THE HAGUE, Netherlands (AP) - Dutch bank ABN Amro says its underlying net profit, which strips out exceptional items, rose 23 percent in the fourth quarter of 2016 to 333 million euros ($351 million).
The bank, which has been restructured and re-privatized following its bailout by the Dutch government in 2008 during the global financial crisis, said Wednesday that operating income for the fourth quarter rose 7 percent to 2.2 billion euros ($2.3 billion).
CEO Kees van Dijkhuizen says that in the last quarter the bank "achieved loan growth in all of our major loan books: we were the number one provider of new mortgages in the Netherlands for the second consecutive year."
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.