HSBC Trinkaus & Burkhardt AG reported earnings results for the nine months of 2015. For the period, the company reported profit before tax increased to €166.5 million compared to €152.5 million for the first nine months of 2014. Profit after tax increased by 12.1% to €114.6 million against €102.2 million a year ago. Despite moderate global growth, high regulatory costs and the continuing low interest rate environment, profit before tax grew in the Global Banking & Markets, Retail Banking and Wealth Management and Commercial Banking segments, and remained broadly unchanged in Private Banking compared to the same period in 2014. Net interest income increased by 2.5% to €133.7 million against €130.4 million a year ago. This increase was primarily due to higher interest income based on increased client lending volumes, but partly offset by ongoing pressure on margins and lower interest income from financial investments. Operating Revenues were €545.0 million against €515.4 million a year ago.

The Bank will continue to implement its growth strategy and is still forecasting a small increase in revenues as well as a slight improvement in profit before tax for 2015.