Fortis posted net income of 830 million euros ($1.29 billion), down from 1.62 billion euros in the year-ago period. The firm said it may record a loss of up to 900 million euros on the sale of commercial banking units to Deutsche Bank AG.
Fortis wrote down 342 million euros on structured investments, almost equaling writedowns in the first quarter, and took 24.2 billion euros in charges related to buying part of ABN Amro Holding NV last year. The takeover placed a strain on capital at Fortis, forcing the bank to cut the first-half dividend.