ABN Amro said today it expects full-year net profit to come in about 15 per cent lower than its earlier forecast of euro 2.7 billion as second-half earnings will fall short of first-half results.
The Dutch banking group said increased uncertainty about the international financial markets after the recent attacks on the US had a negative effect on consumer confidence and purchasing behaviour.
But total income and operating result will stay stable due to the bank's broad mix of products and customers, ABN Amro said. Provisions and write-offs have risen in the third quarter.
The company will release third-quarter results on November 12th.
READ MORE
AFP