Operating result for the six-month period rose 33% to almost E1.1 billion, breaking the E1 billion barrier for the first time, while operating income for the same period climbed 6% to just under E3.8 billion.
The group also revealed that its private and corporate clients and investment banking divisions contributed to its improved efficiency and profitability. Its private and corporate clients business recorded a number of market successes with innovative products, which saw the group sell more than 70,000 Zero Euro accounts during H1 2007.
Meanwhile, its investment banking unit saw its cost-income ratio fall from 78.8% to 75.8%. However, the division’s operating result declined E28 million to E372 million.
Herbert Walter, chairman of the board of managing directors of Dresdner Bank, said: In view of our strong performance in the first half I am confident that we can reach our ambitious targets for full-year 2007.
