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ABN Amro is set to go Public

The state owned bank ABN Amro, which was nationalized during the financial crisis of 2008 by the Dutch government is expected to go public soon. According to the Dutch Prime Minster, Mark Rutte, “We will get as good a price as possible. The chance of selling with a profit is small. We will decide in a year if it is time and in the meantime we will ask ABN Amro to get ready for a listing.” Best estimates put ABN Amro’s value at 15 billioneuros.                                                                                       
In the second quarter, ABN Amro’s earnings were down 3% as a result of loan
impairments. ABN Amro generates most of its revenues domestically. Profits for the second quarter was 817 million euros.

(Image source: topnews.in)