ABN Amro booked net profit of €539m in the first three months of this year, twice as much as much as a year ago and 89% up on the previous quarter, the state-owned bank said in a statement on Friday.

The bank also said the integration of ABN Amro and Fortis is ‘on track and expected to be finalised within budget’.
The finance ministry hopes to launch the revamped bank on the stock exchange in 2013 at the earliest. The privatisation and reorganisation has cost the state some €24bn in total, according to the Financieele Dagblad.