Banco Central Hispano Reports Improved 1995 Trading Revenues

BANKS

Banco Central Hispano (BCH) reports improved trading revenues for 1995, following a disappointing 1994, citing treasury management, trading and investment portfolios and greater exchange rate gains as areas of strength.

BCH does not break out FX earnings; however, the bank reports a sharp increase in trading income of Pta20,132 million from Pta1,556 million in 1994. José Antonio Espallardo, deputy general manager of the treasury department based in Madrid, says 1995 was a good year for the

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