ABN Amro publishes earnings early

ABN Amro today brought forward the publication of its quarterly figures, which were due to be announced on April 26, because of its merger talks with Britain’s Barclays bank.

ABN Amro’s net profit in the first quarter was up over 30% to €1.31 bn. Cost savingsand a strong contribution from the home markets Brazil, Italy and Asia boosted profits, the bank said. Operating results were 21% higher at €2bn.
At the weekend it emerged that a consortium consisting of Fortis, Banco Santander and the Royal Bank of Scotland are also believed to be interested in ABN Amro.
The exclusive negotiations currently taking place between ABN Amro and Barclays is due to expire on Wednesday says ANP news agency.

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