Institution warns of knock-on effects from Russia sanctions after announcing 3% fall in net profitsThe conflict in Ukraine and its potential impact on the world economy has led Rabobank, the largest Dutch mortgage lender, to warn of possible knock-on effects to its business.The bank said its net profit slipped by 3% to 1.1bn (£880m) in the first half of the year, owing to charges related to the Dutch bank SNS which was bailed out by the government. … …read more
Source: The Guardian
