ABN Amro tops estimates with modest second-quarter profit rise

FILE PHOTO: ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. REUTERS/Piroschka van de Wouw - Copyright PIROSCHKA VAN DE WOUW(Reuters)

By Reuters

Published on 07/08/2019 - 07:34•Updated 25/04/2024 - 06:58

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AMSTERDAM (Reuters) - Dutch bank ABN Amro <ABNd.AS> on Wednesday reported an unexpected 1% rise in second-quarter net profit to 693 million euros (638 million pounds), 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.