German Banks: Restructuring Should Lead To Continued Recovery Of Earnings in 2005, Says Report Apr 05
- ID: 1751669
- April 2005
- Region: Germany
- Standard & Poors
FRANKFURT (Standard & Poor's) April 26, 2005--German banks' 2005 results are expected to demonstrate a continued recovery, buoyed mainly by ongoing cost-cutting measures and the de-risking of their balance sheets, Standard & Poor's said in a report published today entitled "German Banks: Restructuring Holds Key To Continued Recovery Of Earnings In 2005". "Even more importantly, the banks' successful implementation of previous restructuring measures should filter through to bottom-line earnings, which have been regularly depressed by huge extraordinary charges over the past three years," said Standard & Poor's credit analyst Stefan Best. "While this is expected to narrow the earnings gap, many German banks still have a long road ahead to catch up with similar or higher rated international peers," added...
Companies mentioned in this report are:
- Deutsche Bank AG
- Dresdner Bank AG
- Germany (Federal Republic of)
- Commerzbank AG
- UniCredit Bank AG
Action: General Comment
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Research type: News
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