ABN Amro booked a net loss of €54m in the third quarter of this year, but the underlying result was €9m profit, the state-owned bank said in a statement on Friday.

The bank took a €500m provision to cover Greek-government guaranteed notes and loans, extended in 2000.
‘Although all conditions have been met to date, the worsening situation in Greece could reduce the quality of the guarantee,’ CEO Gerrit Zalm is quoted as saying by news agency ANP.
The bank booked net profit of €810m over the first nine months of the year.