Dutch bank group ABN AMRO on Friday said its third quarter profit rose by 11 percent after releasing a provision set aside for Greek loans. The lender's net income rose to 390 million euros (about 525 million U.S. dollars) in the third quarter of 2013, up from 351 million euros in the same period of 2012. The increase was boosted by a release of 101 million euros from a provision for Greek loans, it said. "Overall, this is a satisfactory result considering the difficulties the Dutch economy is facing," Gerrit Zalm, Chairman of ABN AMRO Group said. According to Zalm, some economic indicators suggest that the crisis has past its peak, but "we remain very cautious," he said. The Dutch economy has been suffering from drops in consumer income and rising unemployment. However, house prices have stabilized during the third quarter and consumer confidence is also improving, earlier reports published by the Dutch Central Bureau for Statistics showed.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor