German-Irish bank Depfa, a leading provider of financial services to public sector clients, said today that it was sticking to its full-year targets this year,
despite slightly lower earnings in the second quarter.
Depfa, headquartered in Dublin but listed on the Frankfurt stock exchange, said in a statement it turned in net profit of €126m in the period from April to June, a decline of 1.6% from the same time the previous year.
Nevertheless, the bank said it was still 'on target' to achieve full-year net profit of around €500m, stable compared with 2004.
