ABN Amro Q1 figures show return to form in forex
The Dutch bank saw forex revenues of e175 million ($213 million), compared with e119 million in the first quarter of 2003.
This marks a turnaround from its 2003 financial results, in which the bank reported falling year-on-year revenues from foreign exchange in both the fourth quarter and for the full year. FX dealing revenues fell 2% in the fourth quarter on a year-on-year basis to e256 million, from e261 million in Q4 2002. Full-year revenues fell by 1% to e671 million (FX Week, February 9).
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