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ABN AMRO’s sale of Asian private banking unit to LGT pushes up profits

AMSTERDAM – Hoofdkantoor ABN-Amro aan de Zuidas. ANP PHOTO RICK NEDERSTIGT

ABN AMRO’s second quarter profits were buoyed by a book gain of €200 million from the sale of its private banking operations in Asia to LGT, according to a statement from the Dutch lender’s CEO. Kees van Dijkhuizen said ABN AMRO posted a net profit of €960 million, thanks in part to the divestment in Asia and the refinement of…

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