ABN Amro benefits from Asia asset sale
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.