Goldman Sachs Bank Europe SE has released its unaudited half-yearly financial report for June 30, 2025, showing several key financial results and variations compared to the previous year. For the six months ended June 2025, the bank's net income was reported at €271 million, marking a 21% decrease compared to the same period in 2024. Despite the decline in net income, the bank's net revenues for the six months increased by 5% to €1.04 billion, compared to €993 million in the previous year. Breaking down the net revenues, interest income for the six months was €1,009 million, down from €1,267 million in 2024. Interest expense also decreased to €1,158 million from €1,438 million, leading to a net interest expense of €149 million, a slight improvement from the €171 million in the prior year. Net commission income was €392 million, slightly down from €397 million the previous year, while the net trading result saw an increase to €801 million from €767 million. For the three-month period ended June 2025, net revenues were €557 million, a significant 27% increase from the €438 million recorded for the same period in 2024. This increase was primarily attributed to a notable rise in net commission income and a reduction in net interest expense. The report did not include specific forward-looking guidance or forecasts for the remainder of the year. However, the financial performance indicates a mixed but overall positive trend in revenue growth despite challenges in net income. The bank continues to generate revenues across its core business activities, including Investment Banking, Fixed Income, Currency and Commodities, Equities, and Wealth Management.
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