WestLB reports group operating profit for the 1997 financial year was DEM2.001 billion, up 7 per cent on the previous year's DEM1.863 billion. Net trading income, including FX, was up 34 per cent to DEM569 million ($308 million) from DEM426 million.

Bayerische Hypo-und Vereinsbank, the recently merged German bank, reports first quarter operating profit before risk provisions was up 19 per cent to DEM1.49 billion ($806 million). Trading profits, including FX, were up 37 per cent to DEM236

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