Dresdner Bank has reported that its operating income is up 15% in first quarter on the back of strong securities and capital markets business.
Operating income rose to €1,853 million in the first quarter, up almost 15 percent as against the same quarter of 2005. The operating result improved to €494 million, an increase of €303 million on Q1 2005. The return on equity before taxes rose to 35.1%.
“We have got off to an extremely good start in the current fiscal year. Our divisions recorded increases in both income and earnings. The bank has shifted up a gear with regard to growth”, said Herbert Walter, chairman of the Board of Managing Directors of Dresdner Bank. “We are confident that we shall reach our ambitious goals for this year.”