for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Markets News

ABN Amro Q3 net profit beats outlook as bad loans rise less than expected

AMSTERDAM, Nov 11 (Reuters) - Dutch bank ABN Amro on Wednesday beat analyst expectations despite a 46% drop in third-quarter net profit to 301 million euros ($356 million), as impairments on bad loans due to the coronavirus crisis rose less than expected.

Analysts in a company-compiled poll on average had predicted net profit would fall to 111 million euros in the July-September period, after a 558 million euros profit over the same period a year earlier.

$1 = 0.8457 euros Reporting by Bart Meijer; Editing by Tom Hogue

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up