HVB forex profits up 40%
NEWS
HVB Group, which formed in May this year from the merger of Hypovereinsbank and Bank Austria, reported E425 million in currency and fixed income trading profits for nine months in 2001-- up 80% from E224 million at the same stage one year ago.
Of the 2001 figure, E268 million was made in the third quarter -- up 133% from E115 million in Q3 2000.
According to the interim report published by the group on October 25, the boost in trading profits (the majority of which are currency and interest rate
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