Hamburg/London. Berenberg closed the year 2019 with net profit for the year from operations of €60.5 million (previous year €23.3 million). The second oldest bank in the world has thus surpassed the previous year’s earnings by 160%. “The new record level of net commission income as well as the year-on-year drop in administrative expenses show that the measures taken in 2018 to enhance efficiency have had the desired effect”, says Dr Hans-Walter Peters, Spokesman for…

Source: RealWire

from Albert Sherrill Investment Blog http://www.realwire.com/releases/Berenberg-grows-net-profit-for-the-year-by-160-percent