ABN Amro ben­e­fits from Asia as­set sale

New Straits Times - - Business -

A gain from the dis­posal of as­sets in Asia and an ex­pand­ing Dutch econ­omy helped ABN Amro Group NV more than dou­ble profit in the sec­ond quar­ter. Net in­come rose to €960 mil­lion ($1.13 bil­lion) from €391 mil­lion a year ear­lier, the bank said yes­ter­day. That beat the €762 mil­lion av­er­age es­ti­mate of four an­a­lysts com­piled by Bloomberg. ABN Amro booked a €200 mil­lion gain af­ter com­plet­ing the sale of its Asian and Mid­dle East wealth­man­age­ment op­er­a­tions to Liecht­en­stein’s LGT.

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