ABN AMRO profit falls on impairments

ABN AMRO Group NV (ABN.AE) said on Wednesday that its net profit for the second quarter fell 29% as it booked impairments due to challenges in certain sectors. The Dutch bank said that profit for the three months ended June 30 fell to 664 million euros ($769 million) from EUR938 million a year earlier, when it booked a EUR200 million gain on the sale of Private Banking Asia and refinement of two risk models.

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