Dresdner Results: Down 21% 1999


FRANKFURT--Dresdner Bank’s forex results were down in 1999 by 21 per cent year-on-year, the bank announced last Friday.

Net trading income for forex and precious metals trading dropped to EUR207 million ($208 million) from EUR263 million ($308 million) for the previous year.

"In line with expectations, the results from foreign exchange/precious metals trading declined following the cessation of trading in the euro’s legacy currencies," says a statement released by the bank.