German banks and savings banks benefit from the ECB’s tight monetary policy, but rarely pass on the higher interest rates to their private customers. Where savers can still find good fixed and overnight interest rates.
The two towers of Deutsche Bank in Frankfurt glitter in the autumn sunlight. The latest quarterly figures from Germany’s largest bank are also brilliant. Surprisingly, the Dax group achieved another billion in profit in the third quarter. It is the ninth in a row and gives the bank a huge jump in profits: over the year, it has increased almost sixfold and can pocket 1.1 billion euros.
CEO Christian Sewing is really excited about this, he speaks of an “outstanding result”. Analysts were also amazed, they had expected a profit of 835 million euros.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
