Q2 earnings up, warns of weak economy
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ABN AMRO NV, was nationalized banks, so it will not collapse in 2008 by the Dutch government said second-quarter profit rose slightly after the disorder is not a one-time high a year earlier.
Net profit of 402 million euros reported Friday ($ 537 million), from 2012 to 337 million euros over the same period.
However, CEO Gerry Tezha Thermes Friday warned that the rise in non-performing loans, the face of the ongoing economic recession Netherlands, has now passed the one-year mark. He said that small businesses are the most painful. Consumers spend less, save more for the business - bad, but retail savings provides a cheap ABN funds to help spread.
Finance Minister Jeroen Dijsselbloem said on Wednesday that the Cabinet will soon release a plan to re-privatize ABN.