Business · Companies · 4 hrs ago

ABN Amro quarterly profit rises 52% as interest rates lift income

ABN Amro quarterly profit rises 52% as interest rates lift income

ABN Amro's quarterly profit rose 52% as higher interest rates and a recent acquisition lifted income.

The Dutch bank also benefited from cost savings and a resilient economy in the Netherlands.

Higher rates helped boost income from the bank's largest source of revenue, and ABN Amro raised its outlook for it for the second time this year.

The results cover the third quarter, according to one headline.

The profit increase matters because it shows how rate changes and the acquisition supported the bank's earnings.

ABN Amro has raised its revenue outlook again, but the available information does not say what targets it set or what happens next.

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