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Sunday 22 December 2024
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Abn Amro reports lower profit due to volatile markets, higher costs

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AMSTERDAM, Netherlands – Dutch bank ABN Amro Group NV on Wednesday reported lower first-quarter net profit due to volatile financial markets and regulatory costs.

Earnings from fees and commissions charged on transactions and other services fell 7 percent in the three months through March, the state-controlled Dutch lender said in a statement on Wednesday.

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