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ABN Amro Profit Jumps as Acquisition, Interest Rates Lift Income

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ABN Amro Profit Jumps as Acquisition, Interest Rates Lift Income ABN Amro Bank NV reported a 52% jump in quarterly profit that was fueled by higher interest rates and a recent acquisition. The dutch lender also lifted the outlook for its biggest revenue source for the second time this year. The Amsterdam-headquartered bank posted net income for the three months through September of €939 million ($1 billion), according to a statement on Wednesday.

ABN Amro Profit Jumps as Acquisition, Interest Rates Lift Income ABN Amro Bank NV reported a 52% jump in quarterly profit that was fueled by higher interest rates and a recent acquisition. The dutch lender also lifted the outlook for its biggest revenue source for the second time this year. The Amsterdam-headquartered bank posted net income for the three months through September of €939 million ($1 billion), according to a statement on Wednesday. That compares with €617 million in the year-ago period.
ABN Amro Profit Jumps (ORG) Interest Rates Lift Income ABN Amro Profit Jumps (ORG) Interest Rates Lift Income ABN Amro Bank NV (ORG) dutch (ORG) Amsterdam (LOCATION)
Originally published by Bloomberg Markets Read original →