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ABN Amro Q4 net profit beats on lower-than-expected impairments

AMSTERDAM, Feb 10 (Reuters) - Dutch bank ABN Amro on Wednesday beat analyst expectations despite an 83% drop in fourth-quarter net profit to 54 million euros ($65.5 million), as the coronavirus crisis led to less impairments on bad loans than expected.

Analysts in a company-compiled poll on average had predicted a net profit of 35 million euros for the October to December period, after a 316 million euros profit over the same period a year ago. ($1 = 0.8248 euros) (Reporting by Bart Meijer; Editing by Christian Schmollinger)

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