Dutch bank ABN AMRO said today first-half net profit excluding the sale of European American Bank (EAB) earlier this year was down 16.7 per cent at euro 1.354 billion.
It also said full-year results should be broadly in line with forecasts.
Analysts showed a consensus expectation for first-half net profit of euro 1.32 billion before goodwill, compared to euro 1.63 billion a year ago.
ABN AMRO sold EAB to Citibank for about $2 billion earlier this year.
READ MORE
A combination of deteriorating equity markets, a weak global economy and an ambitious, costly restructuring programme combined to knock margins at The Netherlands's biggest bank.