HSBC Trinkaus & Burkhardt AG announced earnings results for the first half of 2016. For the period, the company reported net interest income improved by EUR 12.5 million from EUR 88.9 million the previous year to EUR 101.4 million. This increase was attributable primarily to the significant improvement in interest income in the client lending business on account of higher volumes. Net fee income increased by EUR 24.5 million to EUR 238.4 compared to EUR 213.9 million a year ago. Net trading income rose by EUR 7.5 million to EUR 49.9 million compared to EUR 42.4 million a year ago. Profit before tax was up 15.5% to EUR 116.5 million compared to EUR 100.9 million a year ago. Net profit after tax grew to EUR 79.9 million compared to 69.1 million a year ago.

The company provided revenue guidance for the year 2016. For the year, the bank is expecting a single-digit percentage increase in revenues for the full year. It is therefore leaving its forecast unchanged due primarily to the negative interest rate environment, which presents a greater burden from month to month.