Bloomberg News

ABN Amro Meets New European Banking Authority Capital Target

October 27, 2011

Oct. 27 (Bloomberg) -- ABN Amro Group NV, the Dutch lender nationalized in 2008 following the downfall of Fortis, meets a new capital requirement of core tier 1 ratio of 9 percent as defined by the European Banking Authority on Oct. 26.

The markets are reacting positively and that’s reassuring, Jeroen van Maarschalkerweerd, a spokesman for the Dutch lender, said today by telephone.

To contact the reporter on this story: Maud van Gaal in Amsterdam at mvangaal@bloomberg.net

To contact the editor responsible for this story: Martijn van der Starre at vanderstarre@bloomberg.net


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