Abstracts » Business, international

Fortis net rises 94%, efficiency plan is set

Article Abstract:

Fortis N.V. of the Netherlands is planning a major management restructuring which may produce weaker financial results in the fourth quarter. The financial services company posted a 94 percent increase in net profit to 913 million Euros ($1.08 billion) from 471 million Euros of a year earlier. The stellar results are due to capital gains and a strong banking division.

Company Profile

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ABN Amro's net profit falls 5.6%: loan loss provisions, lower special gains are cited for quarter

Article Abstract:

Dutch bank ABN AMRO Holding N.V. is reporting a 5.6% drop in net profit for the third quarter. The bank, which has recently undergone restructuring effots to improve performance and reduce costs, says it will increase such measures in 2007, including the elimination of 500 jobs.

Personnel administration, ABN AMRO Holding N.V., Downsizing, ABN

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ING, Fortis post higher profits; Aegon net falls

Article Abstract:

Dutch banking and insurance companies Ing Groep N.V., Fortis N.V. posted soaring net profit while the smaller insurer Aegon N.V. posted a slide in net profit. Revenues were due to strong performance in emerging markets.

INSURANCE CARRIERS, Insurance industry, ING Groep N.V., AEGON N.V., Company overview, Industry overview

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