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Souring energy loans wipe out ABN Amro's profit growth

FILE PHOTO: ABN AMRO logo is seen at the headquarters in Amsterdam
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AMSTERDAM (Reuters) - Souring energy loans eroded ABN Amro's fourth quarter profit growth, it said on Wednesday, prompting the Dutch bank to launch another review of its trade and commodity finance operations."The offshore sector still gives us a headache, we had a serious and unexpected amount of impairments there," Chief Executive Kees van Dijkhuizen told reporters. Shares in the Dutch bank..
Date Published: Feb 12, 2020
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