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ABN AMRO profit falls on 3% on impairment charges

ABN AMRO Group NV (ABN.AE) mentioned Monday that net benefit within the first quarter fell 3% due to impairment fees of 208 million euro ($248.3 million).

The Dutch bank mentioned benefit for the three months ended March 31 fell to EUR595 million from EUR615 million within the year-earlier length.

Net interest income rose 5% to EUR1.67 billion due to improved interest margins and volumes, as well as a one-off adjustment, the bank mentioned.

ABN AMRO mentioned its running income all the way through the primary quarter increased four% to EUR2.33 billion.

The bank mentioned its commonplace equity tier one, CET1, ratio--an important measure of liquidity--was 17.5%.

Chief Executive Kees van Dijkhuizen mentioned the bank is not off course to reach its strategic priorities and monetary targets by 2020.

Dow Jones Newswires