DAB über uns

Corporate Communications vom 23.04.2007

Munich, 23.04.2007

<h2>DAB bank: First-quarter pretax profit and key operational indicators reach new record levels</h2> <div class="editor"> <p>Pretax profit up 13.2% over the prior-year quarter, to &not;12.59 million / Securities accounts and customer assets under custody reach new record levels / Trades executed the highest ever for a single quarter</p> </div> <h1>Munich, 23.04.2007</h1> <div class="editor"> <p>The DAB bank Group, Munich, which operates in Germany and Austria, closed the first quarter of 2007 with the highest pretax profit ever for a single quarter. The pretax profit of &euro;12.59 million was 13.2% higher than the strong year-ago figure of &euro;11.12 million. The net commission income was &euro;38.91 million, 5.5% higher than the corresponding figure for the first quarter of 2006, while the net financial income, at &euro;9.12 million, was more than twice as much as the corresponding year-ago figure of &euro;4.22 million. At &euro;35.07 million, administrative expenses were 10.9% higher than the year-ago figure of &euro;31.62 million.<br> <br> Compared to the end of 2006, the number of securities accounts carried for customers increased by an impressive 5.4% within only three months, from 1,018,519 at year-end 2006 to 1,073,410 at March 31, 2007. This figure also includes the slightly more than 20,000 securities accounts which DAB bank has been administering for Volkswagen Bank since the beginning of January.</p> </div> <div class="editor"> <p>All segments of DAB bank - Individual Investors (B2C), Business Customers (B2B) and FondsServiceBank - ended the quarter with new record levels of securities accounts. "We are especially pleased with the above-average growth of our B2B business. Within only a year, the number of securities accounts carried for our business customers jumped by more than 50%, from slightly less than 70,000 to the current number of 107,354," said Alexander von Uslar of the DAB bank Management Board. "In the last few months, we have further strengthened our position as the undisputed market leader in the business of securities-related services for asset managers and financial advisers."<br> <br> DAB bank also set a new record with respect to customer trading activity. On a groupwide basis, the bank executed 3,206,811 trades for its customers in the first quarter, representing an increase of 4.7% over the prior-year quarter, which was itself quite strong (Q1 2006: 3,062,731 trades executed). And the volume of customer assets held in custody continued to rise, from &euro;29.63 billion at December 31, 2006 to &euro;31.19 billion at March 31, 2007, for a gain of 5.3% on the quarter. Thus, DAB bank has already made excellent progress on the way to achieving its full-year goal of &euro;33 billion at the end of 2007.<br> <br> Also with respect to the other stated goals for the year, DAB bank's first-quarter results represent an excellent start. The first-quarter pretax profit of &euro;12.59 million represents 28% of the full-year target of &euro;45 million. And the cost-income ratio for the first quarter, at 73.6%, is already within the stated target range of less than 75% for the full year.<br> <br> Effective February 28, DAB bank purchased a 52.52% interest in the equity of SRQ FinanzPartner AG (SRQ), Berlin. As of this date, the operating results of SRQ are included in the consolidated financial statements of DAB bank.</p> </div> <div class="tableContainerWide"> <h3>Key operational indicators of the DAB bank Group according to IFRS:</h3> 10.30 <table width="485" cellspacing="0" cellpadding="1" border="1" align="" class="tableContent"> <thead> <tr class="each"> <th scope="col" class=""><strong>Key indicators</strong><br></th> <th scope="col" class=""><br> <br></th> <th scope="col" class=""><strong>Q1/2007</strong><br></th> <th scope="col" class=""><strong>Q4/2007</strong><br></th> <th class="last" scope="col"><strong>Q1/2006</strong><br></th> </tr> </thead> <tbody> <tr class="odd"> <td width="250" class="">Securities accounts<br></td> <td class="">No.<br></td> <td align="right" class="">1,073,410<br></td> <td align="right" class="">1,018,519<br></td> <td align="right" class="last">967,918<br></td> </tr> <tr class="each"> <td class="">Trades executed<br></td> <td class="">No.<br></td> <td align="right" class="">3,206,811<br></td> <td align="right" class="">2,590,831<br></td> <td align="right" class="last">3,062,731<br></td> </tr> <tr class="odd"> <td class="">Trades per securities account<br> (annualized)<br></td> <td class="">No.<br></td> <td align="right" class="">12.26<br></td> <td align="right" class="last">12.74<br></td> </tr> <tr class="each"> <td class="">Customer assets under custody<br></td> <td class="">&euro; bn<br></td> <td align="right" class="">31.19<br></td> <td align="right" class="">29.63<br></td> <td align="right" class="last">26.86<br></td> </tr> <tr class="odd"> <td class="">thereof in investment funds<br></td> <td class="">&euro; bn<br></td> <td align="right" class="">17.42<br></td> <td align="right" class="">17.06<br></td> <td align="right" class="last">15.53<br></td> </tr> </tbody> </table> </div> <div class="tableContainerWide"> <h3>Operating results of the DAB bank Group according to IFRS:</h3> <table width="485" cellspacing="0" cellpadding="1" border="1" align="" class="tableContent"> <thead> <tr class="each"> <th scope="col" class=""><strong>Operating results<br></strong></th> <th scope="col" class=""><strong><br></strong></th> <th scope="col" class=""><strong>Q1/2007<br></strong></th> <th scope="col" class=""><strong>Q4/2006<br></strong></th> <th scope="col" class="last"><strong>Q1/2006<br></strong></th> </tr> </thead> <tbody> <tr class="odd"> <td class="">Net financial income*<br></td> <td class="">k&euro;<br></td> <td align="right" class="">9,118<br></td> <td align="right" class="">9,650<br></td> <td align="right" class="last">4,221<br></td> </tr> <tr class="each"> <td class="">Net commission income<br></td> <td class="">k&euro;<br></td> <td align="right" class="">38,909<br></td> <td align="right" class="">32,072<br></td> <td align="right" class="last">36,874<br></td> </tr> <tr class="odd"> <td class="">Administrative expenses<br></td> <td class="">k&euro;<br></td> <td align="right" class="">35,073<br></td> <td align="right" class="">34,873<br></td> <td align="right" class="last">31,623<br></td> </tr> <tr class="each"> <td class="">Profit before taxes<br></td> <td class="">k&euro;<br></td> <td align="right" class="">12,591<br></td> <td align="right" class="">8,562<br></td> <td align="right" class="last">11,121<br></td> </tr> <tr class="odd"> <td class="">Profit after taxes<br></td> <td class="">k&euro;<br></td> <td align="right" class="">8,016<br></td> <td align="right" class="">5,191<br></td> <td align="right" class="last">7,123<br></td> </tr> <tr class="each"> <td class="">Cost-income ratio<br></td> <td class="">in %<br></td> <td align="right" class="">73,6<br></td> <td align="right" class="last">80.3<br></td> </tr> <tr class="odd"> <td class="">Earnings per share<br></td> <td class="">&euro;<br></td> <td align="right" class="">0.10<br></td> <td align="right" class="">0.07<br></td> <td align="right" class="last">0.09<br></td> </tr> </tbody> </table> </div> <div class="editor"> <p><sup>* Net financial income = Net interest income before credit risk provisions + Trading profit/loss + Profit/loss from investments</sup></p> </div>
Seite 62/80

IR international

Announcement

Information on the takeover offer of BNP Paribas Beteiligungsholding AG

More Information

BIC: DABBDEMMXXX | Bankleitzahl (BLZ): 701 204 00

Seite drucken Weiterleiten