Commerzbank Reports Lower FX Gains, BHF Manages To Improve Theirs In '91
BANKS
Commerzbank reported a rise of 33.5 percent in overall profits for 1991, to DM1.83 billion last week, but profits from the bank's own dealing operations were lower than last year, according to a bank spokesman.
Although Commerzbank does not release a specific figure for foreign exchange, profits from proprietary forex dealing were about DM100 million, says the spokesman, a drop of about 20 percent from 1990. "These profits always fluctuate heavily," he says; "1990 was an extremely good year for
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