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HomeMarketABN Amro's Q3 profit jumps as interest income recovers By Reuters

ABN Amro’s Q3 profit jumps as interest income recovers By Reuters

© Reuters. FILE PHOTO: ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. Picture taken May 14, 2019. REUTERS/Piroschka van de Wouw
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AMSTERDAM (Reuters) – Dutch bank ABN Amro beat analysts’ expectations on Wednesday, as it said net profit had more than doubled to 743 million euros ($747.98 million) in the third quarter, helped by rising interest rates and low impairments.

Analysts in a company-compiled poll on average had predicted net profit would fall to 323 million euros for the July-September period, down from 343 million a year ago.

($1=0.9933 euros)

Story Credit: investing.com

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