ABN Amro, the nationalised Dutch bank that awaits its initial public offering of shares, has reported a 13% rise in profit for the third quarter as the Netherlands' economy continued to gather steam. 

The bank reported underlying net profit of €509m, up from €450m the same time last year. 

Book value, the metric widely used in the company's IPO valuation, rose to €16.1 billion from €15.9 billion at the end of June. 

"All in all, the outlook for the Dutch economy and the fact that preparations for the bank's intended IPO are on track give us confidence in the future," chief executive Gerrit Zalm said in a statement. 

ABN derives 80% of profits from the Dutch market, which after seven years of zero growth following the 2008 financial crisis is expected to grow 2.4% next year. 

No date has been set for the IPO, which after the publication of the third-quarter numbers awaits only a final approval from Finance Minister Jeroen Dijsselbloem before book-building can commence.
 

On October 27 the bank and the government agency overseeing the listing said they intended to proceed with the IPO, years in the planning, "subject to market conditions". 

Bankers working on the listing say that given the relative stability of markets, they anticipate receiving the green light this week, likely tomorrow.

The state intends to float 20-30% of the bank in the initial tranche. Depending on the exact size, it may be the largest European bank IPO since the 2008 crisis that led to ABN's nationalisation.