Fewer deposits, more profit at BCEE
Luxembourg's “Banque et Caisse d'Epargne de l'Etat” (BCEE) has reaped a small increase in net profits over the first half of 2013, despite a decrease in customer deposits, especially among institutional clients.
(CS) Luxembourg's “Banque et Caisse d'Epargne de l'Etat” (BCEE) has reaped a small increase in net profits over the first half of 2013, despite a decrease in customer deposits, especially among institutional clients.
Overall, net profit reached 140.9 million euros, an increase of 0.2 percent over the first six months of 2013, compared to the same time last year.
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