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ABN Amro reports a loss after writing off Greek loans
Dutch bank ABN Amro has reported a loss due to exposure to Greek corporate loans. It made a net loss of 54m euros ($73m; £46m) in the three months to the end of September compared with a 341m euro profit in the same period last year. ABN Amro holds around 1.4bn euros of corporate loans guaranteed by the Greek government and wrote off 500m euros of that. It said it had "sufficient indications" the loans might not be repaid in full...Read more HEREYou must be logged in to post a comment.
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