ABN Amro has reported a net net profit of € 200 m , down 32 % YoY , due to increasing regulatory costs , including a new tax and contributions made to national funds for closing down banks and insuring deposits ; these measures accounted for a € 220 m increase in the quarter , up from € 200 m a year ago . However , underlying net profit increased by 24 % overall , to € ##500 .
ABN Amro has reported a 4Q15 net profit of €272m, down 32% YoY, due to increasing regulatory costs, including a bank tax and contributions made to national funds for winding down banks and insuring deposits; these measures accounted for a €220m cost in the quarter, up from €91m a year ago. However, underlying net profit increased by 24% YoY, to €1.9bn.