ABN Amro's earnings rose 16% in first half.

AMSTERDAM - ABN Amro Holding NV said its six-months net profit rose 16% from the year-earlier level, to $540 million, buoyed by strong lending and fee-generating businesses.

The company boosted its interim dividend to 77 cents a common share, from 74 cents. and said it plans to issue 20 million convertible preference shares next month.

The company said its interest income rose 7.1%, to $2.33 billion. Commission income rose 11%, to $925 million.

Per-share earnings rose 12%, to $1.73.

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