Economic news
Dutch bank ABN Amro’s Q1 profit beats estimates
2022.05.18 08:55
FILE PHOTO: ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. REUTERS/Piroschka van de Wouw
(Reuters) – Dutch bank ABN Amro on Wednesday reported first-quarter net profit above market expectations at 295 million euros ($310.6 million), helped by the reopening of Dutch society as pandemic restrictions were lifted.
Analysts in a company-provided poll had forecast an average profit of 259 million euros in the January-March period. In the same period last year, the bank posted a loss of 54 million after it had to pay a hefty money laundering fine.
($1 = 0.9498 euros)
