Commerzbank Treasurer Says Forex Earnings Strong In 1992

BANKS

Executives at Frankfurt-based Commerzbank, which was expected to report detailed annual results for 1992 at the end of last week, say the bank had a very good year in foreign exchange trading. In what was a generally a bad year for the bottom lines of many European banks, Commerzbank also reported a strong improvement in net profits, which rose to DM837.8 million from DM547.1 million in 1991.

Figures for own-account trading were not available at press time--and Commerzbank does not separately

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