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Today Dutch bank ABN AMRO NV unveiled detailed profit targets for its three new strategic business units (SBUs) in the next four years and said it would beat its current financial targets for 2000.

By allocating capital to businesses with higher returns, exiting some countries and non-focus businesses and setting tough targets for its SBUs, the bank expects 18 percent annual average profit growth over the next four years from 2001.

It sees net profit at its Consumer and Commercial Clients unit growing 80 percent over the next four years, while both Wholesale Clients and Private Clients and Asset Management have been asked to produce 139 percent net profit growth over the same period.

Click on the news link at the top of this page to read the full press release.

Keep Foolish and Prosper,

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