Net profits at Dutch banking group ABN Amro rose 24% in the third quarter as provisions for bad loans fell sharply from the previous quarter.
The group said net profit was €591m in the third quarter, up from €476m a year earlier. The results were at the upper end of analysts' expectations.
ABN Amro repeated its forecast for full-year net profit before exceptional items to be in line with 2001.
Total revenues came in at €4.323 billion in the quarter, down from €4.674 billion in the year earlier period.
Loan loss provisions were €338m in the quarter, up from €308m in the 2001 third quarter, but down significantly from €582m in the previous quarter, when ABN Amro took large provisions for the collapse of US groups Enron and WorldCom.
