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Fortis announces profits fall of 40%

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08-04-2008, 11:42 PM

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Fortis announces profits fall of 40%

Fortis bank has today warned it is facing a tough time after it posted a 41% fall in first-half profits. The Belgian-Dutch bank, which last year joined with the RBS to buy ABN Amro, said credit market turbulence and rising bad loan charges was responsible for the fall in profits. Profits for the first half of [...]

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