Monday, June 11, 2007

UPDATE 1-ABN AMRO says Taiwan unit back in the black

(Reuters) - The Dutch lender, Taiwan's third-biggest foreign bank by
assets, had lost money in the first four months of the year, but
had moved into the profit column -- along with much of the rest
of the industry -- as Taiwan's consumer credit crunch eased.




"The worst is over for ABN AMRO in Taiwan this year," said
Terry King, a corporate executive vice president and head of ABN
AMRO's Taiwan operations, which are more than 30 years old.


Read more at Reuters.com Mergers News

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