Lloyds Bank Posts 88 Percent Gain In Foreign Exchange Revenue For '92

BANKS

Like many other banks who have reported 1992 results so far, Lloyds Bank had a stellar year in foreign exchange. But unlike most, the bank also racked up a hefty increase in overall pretax profit.

Lloyds' revenue from foreign exchange trading soared 88 percent in 1992 to £136 million from £72 million a year earlier. At the same time, overall profit climbed 28 percent to £801 million.

Bank executives attribute the jump in FX earnings to the growth in volatility during the second half of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: