Business & Finance
ABN Amro Profit Jumps as Acquisition, Interest Rates Lift Income
Key Points
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.