Дойче банк със 7% ръст на печалбата за 1-то тримесечие

Това показват резултатите на най-голямата европейска банка за първото тримесечие на 2001 г.
Обявената печалба е 1030 мил. евро или 1.88 евро на акция от 960 мил. евро за същия период на миналата година.
Очакванията на аналитиците бяха за 640 мил. евро печалба за 1-то тримесечие.
В момента цената на БДР-Deutsche Bank преизчислена през цената във Франкфурт е 1.787 лв., което е покачване с 1,29%.

Deutsche Bank 1st-Qtr Net Rises on Higher Trading
(Update1)
By Silje Skogstad

Frankfurt, May 3 (Bloomberg) -- Deutsche Bank AG, Europe's largest bank, said earnings rose 7 percent in the first quarter because of higher trading profit and lower taxes.

Profit climbed to 1.03 billion euros ($920 million), or 1.88 euros per share, from 960 million euros,
or 1.79 euros, in the first quarter of 2000. Earnings beat the average 640 million euro forecast from
14 analysts polled by Bloomberg News.

Deutsche Bank, unlike rivals Goldman Sachs Group Inc. and Morgan Stanley Dean Witter & Co.,
said revenue from its corporate and investment banking unit almost matched last year's results. The
company said gains in bond and currency trading offset declines in its stock underwriting and
mergers business.

``Reaching this trading profit in such weak market conditions shows the bank is very strong in all
fields,'' said Georg Kanders, an analyst at WestLB in Dusseldorf, who's upgrading his investment
rating to ``outperform'' from ``neutral'' because of the results.

Shares of Deutsche Bank rose as much as 2.8 percent in early trading to 92.70 euros.

Trading profit rose 11 percent to 2.72 billion euros, led by the fixed-income and currency businesses
and boosted by a 234 million euro gain from an accounting change.

Earnings after taxes also exceeded analysts' expectations of 1 billion euros. The company reported
that pretax profit declined 12 percent to 1.45 billion euros. The company said its tax bill in the first
three months declined 38 percent to 420 million euros.

Costs increased 4 percent to 5.5 billion euros. Deutsche Bank said in a statement it's looking at ways
to cut costs. The company wasn't more specific.

Chief Executive Rolf Breuer said Feb. 1 the bank plans to eliminate 2,600 jobs, or 3 percent of its
workforce.

Revenue in the corporate and investment bank division, called CIB, was ``roughly'' 5 billion euros,
almost matching last year's level. The private client and asset management reported a decline in
revenue to ``more than'' 2 billion euros.

Net interest income was up 12 percent at 1.8 billion euros. Overall, income from fees and
commissions was down 11 percent to 2.74 billion euros.

Deutsche Bank shares have risen 4 percent since the start of this year, valuing the bank at 55 billion
euros.