UPDATE 2-ABN Amro warns of ballooning provisions after $1.2 bln Q1 hit
Dutch bank ABN Amro
warned provisions for souring loans could balloon to 2.5 billion
euros ($2.71 billion) this year as the coronavirus crisis and
oil price crash triggered a higher-than-expected first quarter
loss.
warned provisions for souring loans could balloon to 2.5 billion
euros ($2.71 billion) this year as the coronavirus crisis and
oil price crash triggered a higher-than-expected first quarter
loss.
Posted by Reuters
