ABN Amro 1994 FX Income Falls 18.5% With Bigger Drop At Home Than Abroad
BANKS
Foreign exchange income at ABN Amro Bank in 1994 fell off 18.5 per cent, from Fl672 million in 1993 to Fl548 million last year. The bank reported improved pre-tax profits on March 9, but overall dealing income fell nearly 30 per cent year-on-year.
ABN Amro's report further divides its FX dealing income into that earned in the Netherlands and that earned abroad. The bank's dealing operations did much better outside the country than domestically last year: Netherlands FX income dropped more than 30
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