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ABN Amro fourth quarter profit falls 32% on taxes

Wednesday, February 17, 2016 - 14:34
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ABN Amro, the largest Dutch retail bank, said on Wednesday its underlying fourth quarter net profit fell 32 per cent from a year earlier to 272 million euros (S$428 million), hit by regulatory costs and taxes.

[AMSTERDAM] ABN Amro, the largest Dutch retail bank, said on Wednesday its underlying fourth quarter net profit fell 32 per cent from a year earlier to 272 million euros (S$428 million), hit by regulatory costs and taxes.

The figure was below a consensus for net profit of 304 million euros among analysts polled by Thomson Reuters.

REUTERS