ABN Amro announced a loss

© Scanpix/AFP

Following the EU bailout strategy to write off Greek debts, ABN Ampro a Dutch bank suffered losses. The bank today reported a net loss of 54m euros in period between July and September this year as compared to 341m net income for the same period in 2010. The bank possesses 1.4bn euros of Greek loans and had to write off 500m euros from this sum.