ABN-AMRO bank, based in the Netherlands, has recently reported strong growth in its Indian operations, including the microfinance sector. For the year ending March 31st 2006 the bank’s total profit in India grew 23.7% to 2.4bn rupees (EUR 42.9mm). For the first part of 2007 (January – March) ABN-AMRO said their Indian operations had their best quarter ever, as the balance sheet grew 52.9% to Rs. 235.4bn (EUR 4.2bn) and revenue increased by 48%.
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