ABN Amro Profit Rises on Interest Income, Lower Provisions

ABN Amro Group NV, the state-controlled Dutch lender, reported a 23 percent increase in fourth-quarter profit, helped by higher net interest income and lower provisions set aside for risky loans. Underlying net income, which strips out one-time items, rose to 333 million euros from 272 million euros a year earlier, the Amsterdam-based company said in a statement on Wednesday.