Deutsche Bank AG's chairman Monday forecast strong earnings this quarter, the first to include the impact of the German bank's acquisition of Bankers Trust Corp. in June.
At the International Monetary Fund and World Bank annual meeting, Rolf. E. Breuer said "operating profit for January to September 1999 is already well above the figure for the whole of 1998."
Operating profits, which exclude special charges relating to mergers, totaled $2.6 billion in 1998. The $875 billion-asset German banking company will release results for the third quarter on Oct. 26.
Mr. Breuer also said that Deutsche Bank in the Americas, which includes its operations in the Latin American, Canadian, and U.S. markets, has reduced the percentage of its earnings from trading-related activities to less than 40%, from 60%.
-- Laura Mandaro