Depfa Bank reiterated its goal of a 22 per cent rise in full-year profit after its quarterly profit beat analysts' forecasts with a 39 per cent rise from the previous year.
The Dublin-based lender to governments said third-quarter net profit rose to €129 million from €128 million in the second quarter and compared with €93 million a year ago.
Depfa's interest income in the quarter rose to €110 million - analysts had predicted around €109 million - from €104 million in the second quarter and €93 million a year earlier.
Its trading profit totalled €3 million, while profit from asset sales - which includes income from the sale of securities with a maturity of more than 90 days - more than doubled to €73 million from €35 million last year.
Shares in Depfa have risen around 16 per cent since the start of the year, outperforming the MDAX, which has gained 14 per cent, and valuing the bank at €4.2 billion.
