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the market experts are particularly positive about the strong decrease in loan loss provisions. Which managed to reduce ABN AMRO to almost zero. Underlying net profit was according to KBC because of this 8 percent higher than expected. ING analysts had expected a lower net profit.
Citigroup said earnings for ABN AMRO taxes by a total of about 650 million euros approximately 11 percent better than predicted. Operating income KBC did fall somewhat disappointing. ING market experts were also assumes stronger operational performance.
KBC, ING and Citigroup all maintain a ‘buy’ recommendation for ABN AMRO. The proportion was about 10:00 am Wednesday 1.3 percent lower at 17.79 euros
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