German Banks: A Very Different €90bn Profit Gap – to be ctd…
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ECB Has German Banking Profits at 1/5 of Deutsche Bundesbank
Comparing official statistics for German banks from Deutsche Bundesbank and ECB we arrive at a stunning €93bn profit gap between the two. Cumulated profits for German banks during the last ten years arrive at €116bn at Deutsche Bundesbank statistics vs €23bn based on ECB data.
One could also say, ECB data suggests German banking profits were 1/5 of comparable data from Deutsche Bundesbank during the last ten years.
Stay tuned for reasons and more info on our initial take on real German banking profits…
