German Banks Show Mixed Results In Latest Interim Earnings Reports

BANKS

The first of the German banks to release FX revenues for the nine-month period are reporting mixed results. The main features in the year-to-date earnings pertain to the changing market environment, mainly lower volatility and fairly stagnant FX growth among German banks, sources say.

Deutsche Bank was the top performer for the period, reporting higher trading gains. Deutsche reports a 2 per cent increase in own account foreign exchange and metals revenues to DEM448 million from DEM441 millio