Derivatives bring good money to bank Vontobel

In the administration of an estate and as an emitter of structured products active bank Vontobel increased in the first half-year 2007 the profit by 27 per cent on 168.4 million sfr and thus the Analystenerwartungen exceeded.

To the two digit profit increase all business fields, everything in front the Investment Banking, would have contributed, continued to communicate the bank on Thursday.

In the Investment Banking, where the derivative business of the bank is settled, increased the profit before taxes despite a strong increase of costs and 40 per cent more personnel by 31 per cent to 127.4 million sfr. That is a good part of the group result before taxes of 202.5 million sfr.

In private Banking exceeded the profit before taxes with 44.6 million sfr the previous year result by eleven per cent. That ate management came on a profit plus from 25 per cent to 37 million sfr.