ABN Amro’s forex revenues down 26%

BANKS’ INTERIM FX RESULTS

AMSTERDAM -- Dutch bank ABN Amro has reported a 26% drop in its FX dealing revenues for the year to date, with revenues of e333 million ($303 million) for the first nine months of 2001. That’s down from e449 million for the same reporting period in 2000.

A spokesperson told FX Week the results do not accurately reflect ABN Amro’s forex performance, because they include FX earnings across the bank’s three divisions rather than its FX business within the global markets group.

ABN Amro had disap

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