Reports
Net Profits Plunge at ABN Amro Bank (Switzerland)
Net profit has fallen 56 per cent to SFr8.5 million ($6.8 million) in the first half at Zurich-based ABN Amro Bank (Switzerland) on 7 per ce...
Net profit has fallen 56 per cent to SFr8.5 million ($6.8 million) in the first half at Zurich-based ABN Amro Bank (Switzerland) on 7 per cent higher revenues of SFr123.4 million. Gross operating margin was only 18.4 per cent as operating costs rose 21 per cent to SFr100.6 million. The bank had 518 employees and client assets of SFr23.4 billion in December 2005. Last year, client assets grew by 10 per cent despite withdrawals of SFr661 million.
