In the first nine months of the current fiscal year, the operating result increased to E1,136 million from E620 million the previous year. At the end of September 2006, operating income rose 14.3% to E5,101 million. Furthermore, the cost-income ratio declined by 8.8% in the first three quarters.
This encouraging development shows that Dresdner Bank is firmly back on a profitable growth path, said Herbert Walter, chairman of the board of managing directors of Dresdner Bank. This puts our ambitious goals for this year clearly within reach. The financial institution has set itself the target of an operating result of E1.2 billion for the current year.
A positive contribution was made by both divisions of the bank, private and business clients and corporate and investment banking. Private and business clients lifted operating income by 6.5% and corporate and investment banking by almost 25%, both in the first nine months of the economic year.
In the third quarter, Dresdner Bank’s operating result increased by E222 million year-on-year to E312 million. Operating income rose from E1,510 million in the previous year to E1,525 million.
