(Reuters) – Dutch lender ABN Amro beat second-quarter net interest income expectations on Wednesday, benefiting from a “higher for longer” environment for interest rates.
The bank’s net interest income, a key measure of earnings on loans minus deposit costs, fell 1% to 1.61 billion euros ($1.76 billion) in the second quarter, compared to a year earlier.
That beat analysts’ average forecast of 1.58 billion euros in a company-compiled poll.
($1=0.9164 euros)
(Reporting by Leo Marchandon and Matteo Allievi; Editing by Clarence Fernandez)
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