Shares in Dutch bank ABN AMRO fell as much as 11 pct on Friday as analysts cited a report that Fortis may find it difficult to finance its part of the deal to buy ABN together with Royal Bank of Scotland and Santander.

ABN shares were down 4.5 percent by 0740 GMT at 33.50 euros after earlier touching a low of 31.20 and compared to a 2.9 percent decline of the DJ Stoxx European bank index.

Shares are down as (Dutch daily) Het Financieele Dagblad says Fortis has problems getting financing, Theodoor Gilissen analyst Gert-Jaap Kraan said. He said Fortis has sufficient possibilities to finance the deal.