ABN Amro finds split-up risks acceptable

ABN Amro no longer sees the splitting up of the bank as unacceptable if it is taken over by the Royal Bank of Scotland consortium, board chairman Rijkman Groenink tells Monday’s FD in an interview.

‘A number of uncertainties remain,’ he tells the paper, but talks with the consortium, which also includes Fortis and Santander, have shown that they are determined to make a success of the bank. ‘This shows that if we work together, we can bring the risks down to acceptable levels,’ he says.
The FD also reports on Monday that ABN Amro does not expect adverse results from the current credit crisis and the continuing unrest around the takeover. The board is still expecting earnings per share in 2007 of €2.30, a slight downwards adjustment. The board had been predicting ‘at least’ €2.30 per share, the paper reports.

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