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Deutsche reports record year for trade
06 February 2012
Deutsche Bank reports 7% growth in net revenues for global transaction banking for 2011, despite a slight increase in trade credit losses.
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Deutsche Bank
trade finance
global transaction banking results
Deutsche Bank results
Deutsche Bank’s global transaction banking (GTB) generated a record net revenues of Eu3.6 billion (44.76 billion) in 2011, a rise 7% compared to 2010.
According to the bank, the growth was due mostly to improved fee income for cash management predominantly on the back of increased payment volumes...
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