ABN Amro reports 2006 net profit up 8%

ABN Amro reported an 8% increase in net profit for 2006 and said it has successfully completed the integration of Italian bank Antonveneta. The year 2006 had been one of ‘profitable transition’, chairman Rijkman Groenink said. Net profit was up 7.6% at €4.78bn while total operating income rose 19.6% to €22.66bn. The bank also announced a new €1bn share buy-back programme.

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