Deutsche Bank Posts Q1 Profit

If you've been scrabbling around looking for good news in the market then the latest Q1 report from Deutsche Bank will fill your heart with joy. Who'd have thought just a couple of years ago that it would be so unusual to report a bank that has actually made a profit, but there you go, it's a sign of the times in which we now live.

Anyway, Deutsche Bank has managed it. The iconic Frankfurt based banking behemoth has reported a first quarter net profit of €1.2 bn for January to March 2009. You wouldn't believe how much relief and rejoicing this has initiated (well you probably would actually). This is a considerable improvement on the bank's previous quarter which involved a loss of €141 m. 

I won't go into all the gory details here, if you want them they are available on the bank's site here. Suffice to say, it is a chink of light in the Eurozone in what has been, to say the least, a turbulent and very dark year to date. 

This news, allied to some good banking news from the US lately, may help to lift the whole doom and gloom scenario somewhat, and that can't be bad. 

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German Property - Think Laterally

Looking for German property, then the chances are you'll have been offered units or projects in Berlin, Frankfurt, Munich, Stuttgart, Leipzig or Dresden. You've probably never been offered anything in rural Bavaria though (of course Munich is in Bavaria but we're ignoring it for the purposes of this blog, just because it suits us and its our blog).

Bavaria is Germany’s number one vacation state and its Chiemgau alpine region enjoys a healthy share of the state’s tourism, drawing many thousands of German and foreign visitors annually. Well you'd never have thought of that would you? Apparently it's a wonderful spot so we said we'd better check it out to see what all the German's know that we don't.

We wrenched Margaret Carragher from her desk at the Sunday Indo and sent her off to the region to size it up, you can see what she thought of it here.

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