Creditanstalt Up 45 Percent In 1991 But FX Gains Only Improve Slightly
BANKS
Vienna-based Creditanstalt Bankverein last week reported an improvement in overall operating results of 45 percent to ATS 3.01 billion for 1991, largely due to boosts in income from third-world debt, foreign exchange and precious metals trading in a year when interest and fee income were down, according to a bank statement.
Although Creditanstalt does not separately report forex earnings, a bank spokesman says they were in the neighborhood of AST500 million last year, an improvement--if not a
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