AMSTERDAM: ABN Amro, the nationalised Dutch bank that awaits its initial public offering of shares, on November 09 reported a 13 percent rise in profit for the third quarter as the Netherlands’ economy continued to gather steam.
The bank reported underlying net profit of 509 million euros ($548 million), up from 450 million euros in the same period a year earlier.
Book value, the metric widely used in the company’s IPO valuation, rose to 16.1 billion euros from 15.9 billion euros at the end of June.
