May 14, 2018 / 5:20 AM / 7 days ago

ABN Amro Q1 profit falls 3 pct on loan impairments

AMSTERDAM, May 14 (Reuters) - Dutch bank ABN Amro on Monday reported a 3 percent fall in first-quarter net profit to 595 million euros ($711.5 million), as ongoing problems in the shipping and offshore sectors led to impairments on loans to clients in these sectors.

Net profit was higher then expected, as analysts in a Reuters poll had predicted a profit of 574 million euros, after the bank made 615 million euros in the same period a year earlier.

$1 = 0.8363 euros Reporting by Bart Meijer; Editing by Stephen Coates

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