Deutsche Bank named “Bank of the Year”
Deutsche Bank managed to escape loosing its profits despite a twofold decrease of its balance value. Quite the contrary, the bank effectively invested its free resources –
that’s how it was among very few who informed on significant profits in the third quarter. By the way, for the first nine months of 2010 the bank’s profits reached 4.1
billion euro, which is more than for the whole year 2009.
Deutsche Bank participated in the most important transaction, including the IPO of the Agricultural Bank of China which attracted 22.1 billion rubles. The bank also participated in selling of Greece’s, Ireland’s and Spanish federal bonds during the most troubled times for those countries in the middle of 2010. Journalists of the International Financing Review named the bank the best in working with derivative financial instruments.
The best bank to work with fixed-rate instruments was Barclays Capital which successfully integrated former operations of Lehman Bros into its business. The best bank to work with shares was Goldman Sachs which managed to keep most of its corporate clients despite serious reputational damage. The best issuer of credits was the Bank of America Merrill Lynch. |