Deutsche Postbank International S.A.

Deutsche Postbank International S.A. once again increased its earnings in fiscal 2003. In the context of only hesitant recovery on the financial markets, the Luxembourg-based subsidiary of Deutsche Postbank AG increased its profit before tax by almost 2% to some €22.8 million. “We improved again despite the difficult environment because we implemented further administration streamlining measures and further reduced allowances for losses on loans and advances by improving…

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