Quantcast
Article Index |Advertise | Mobile | RSS | Wireless | Newsletter | Archive | Corrections | Syndication | Contact us | About Us| Services
 
Sat, Feb 11, 2012 09:16 PM Philippines      25°C to 33°C
  HOME       NEWS     SPORTS     SHOWBIZ AND STYLE      TECHNOLOGY     BUSINESS     OPINION      GLOBAL NATION    SERVICES
Advertisement
Inquirer Mobile
Property Guide

INQUIRER ALERT
Get the free INQUIRER newsletter
Enter your email address:

 
Money/ Breaking News Type Size: (+) (-)
You are here: Home > Business > Money > Breaking News

  ARTICLE SERVICES      
     Reprint this article     Print this article  
    Send Feedback  
    Post a comment   Share  

  RELATED STORIES  




imns


ABN Amro Group reports one billion euro loss


Agence France-Presse
First Posted 17:47:00 11/25/2009

Filed Under: Trade (general), Economy and Business and Finance, Banking

THE HAGUE - Bank group ABN Amro reported a third quarter loss of a billion euros (1.5 billion dollars) Wednesday, including a 32 million-euro loss for the Dutch state that gave it a three-billion-euro cash boost last week.

This brought its losses for the year to September 30 to 3.6 billion euros, the bank said in a statement.

A loss of 873 million euros in the third quarter accrued to the parts of ABN Amro's business acquired by the Royal Bank of Scotland (RBS), it added.

"The results of the RBS acquired businesses continue to be impacted by financial and credit market volatility and business transfers," said the statement.

ABN Amro was acquired in 2007 by a consortium grouping RBS, Santander and the Dutch-Belgian banking and insurance group Fortis.

Its Dutch banking activities were nationalised by the Dutch state in October last year following the break-up of Fortis, which had been badly burned in the global finance crisis.



Copyright 2012 Agence France-Presse. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Share

RELATED STORIES:

OTHER STORIES:



  ^ Back to top

© Copyright 2001-2012 INQUIRER.net, An INQUIRER Company

The INQUIRER Network: HOME | NEWS | SPORTS | SHOWBIZ & STYLE | TECHNOLOGY | BUSINESS | OPINION | GLOBAL NATION | Site Map
Services: Advertise | Buy Content | Wireless | Newsletter | Low Graphics | Search / Archive | Article Index | Contact us
The INQUIRER Company: About the Inquirer | User Agreement | Link Policy | Privacy Policy

Advertisement
Megaworld
Jobmarket Online
Inquirer VDO
BizLinq