Tag: $ABN Amro

The Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan.

ABN Amro’s shares rose 5% on Wednesday as the Dutch bank raised its forecast for full-year net interest income to 6.4 billion euros ($6.98 billion) after a stronger than expected second-quarter performance.

Dutch bank ABN Amro on Wednesday beat analyst expectations with a 77% jump in first-quarter net profit to 523 million euros ($576 million), helped by rising interest rates and lower costs.