ABN Amro 2Q underlying profits rise ahead of IPO

August 21, 2015 5:37 AM

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AMSTERDAM Aug 21 ABN Amro (IPO-ABN.AS), the Dutch state bank preparing for privatisation, reported a strong rise in underlying second quarter profits as the Netherlands' economy grew and provisions for bad loans fell.

In a videotaped statement, Chief Executive Officer Gerrit Zalm said the bank, which he said is "on track for a possible listing later this year", presents investors with a "modest risk profile" and he vowed it would undertake "no adventures" after it returns to market.

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