Scandinavian Banks Post Mixed Bag Of Foreign Exchange Gains For 1995
BANKS
The major Scandinavian banks are reporting mixed results in foreign exchange-related trading income for 1995, mainly because of difficult market conditions and a lack of customer business, say bank officials.
Postipankki, the Finnish state-owned commercial bank, reports FM85 million in net income from foreign exchange dealing for 1995, a 22 per cent decrease from 1994's FM108 million. Jaakko Kirjas, assistant general manager of foreign exchange, responsible for Postipankki's treasury sales, says
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