Nationalised ABN Amro in profit

The parts of financial services group ABN Amro now owned by the Dutch government made a profit last year, the bank said in a statement on Monday.

‘The businesses acquired by the Dutch government, principally the Dutch branch network and the private clients business, were profitable for the full year,’ the statement said. No exact figures were given.
The statement follows the publication of a trading update from Royal Bank of Scotland, which bought large chunks of ABN Amro in 2007.
ABN Amro said the group as a whole booked a post tax loss of €13bn from ordinary operations, now largely owned by RBS. But this was offset by gains of €16.5bn from the sale of various divisions, such as Banco Real and Banca Antonveneta, according to unaudited and preliminary results, the bank said.
ABN Amro will publish its actual figures on March 20.

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