Reports
Sal Oppenheim Report Strong Year
Sal. Oppenheim, the German private bank, reported a 15 per cent rise in assets under management within its private banking business in 2004,...
Sal. Oppenheim, the German private bank, reported a 15 per cent rise in assets under management within its private banking business in 2004, although no figure was released on this yesterday. The Cologne-based bank, reported pre-tax net income of €157 million ($202 million) for 2004, up 60 per cent and operating profit of € 97.4 million, plus € 59.6 million from the sale of 50.1 per cent of shares in Oppenheim Immobilien-Kapitalanlagegesellschaft. After taxes, net income was € 141.5 million (€ 82.9 million).
