Dukascopy H1 Profit Drops 58% Despite 25% Deposit Growth
Dukascopy Bank's consolidated first-half profit fell 58% to CHF 1.38 million (about $1.73 million), according to an interim statement. A weaker trading result and lower net interest income outweighed higher commissions over the six months ended June 30. Trading activities supplied 76% of the group's three core income lines. The decline in that business compressed profit even as customer deposits a
Dukascopy Bank's consolidated first-half profit fell 58% to CHF 1.38 million (about $1.73 million), according to an interim statement. A weaker trading result and lower net interest income outweighed higher commissions over the six months ended June 30. Trading activities supplied 76% of the group's three core income lines. The decline in that business compressed profit even as customer deposits a
Source: Finance Magnates