ABN Amro Nederland posts slight loss
Wednesday 25 November 2009
ABN Amro Nederland booked a loss of €32m in the third quarter of this year, mainly due to provisions to cover bad loans.
The nationalised bank set aside €242m to cover bad loans from both businesses and consumers in the third quarter.
Last week, finance minister Wouter Bos gave ABN Amro a further €4.4bn capital injection to smooth its merger with Fortis Nederland and to maintain central bank liquidity demands. The €900 book loss on the sale of HBU and other units to Deutsche Bank will be booked in the final quarter of the year.
ABN Amro units acquired by Royal Bank of Scotland posted a loss of €873m.
For the full ABN Amro group statement, click here
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