ABN Amro has headed off any potential move by bidders looking to use the current global market turmoil to lower their offers for the Dutch bank by affirming its financial positions just days ahead of an extraordinary shareholder meeting to discuss the sale.

ABN Amro this morning confirmed it remained on target to hit its financial targets for the year despite the turmoil in financial markets, meaning the Royal Bank of Scotland-led consortium is unlikely to be able to use a material adverse change clause to lower its €71bn ($99bn) bid for the bank.