FX Week

ABN Amro's Foreign Exchange Revenue Jumps 26 Percent In First-Half 1993


ABN Amro, the Netherlands' largest bank, reported its interim earnings posting net profits of more than Fl1 billion, 16.1 percent up on the comparable period of last year, with trading gains playing a significant part in the performance.

Income from foreign exchange and securities trading, which ABN Amro reports separately, both rose strongly. Foreign exchange gains for first-half 1993 were Fl314 million as against Fl249 million for the first six months of 1992, a rise of 26.1 percent.