HSBC Trinkaus & Burkhardt AG reported earnings results for the first half of 2015. For the period, the company reported strong growth in net fee income at EUR 213.9 million against EUR 186.1 million a year ago. Pre-tax profit was down to EUR 102.0 million against EUR 108.1 million a year ago. Operating revenues of EUR 345.7 million were broadly unchanged from EUR 347.5 million a year ago. Net interest income increased marginally by EUR 1.3 million, from EUR 87.6 million to EUR 88.9 million. This increase was primarily due to the improvement in interest income based on higher client lending volumes, but partly offset by ongoing pressure on margins.

For the year 2015, the Bank is forecasting a small increase in revenues as well as slight improvement in pre-tax profit. The positive trend in July underlies this forecast.