DAB über uns

Corporate Communications vom 29.01.2007

Munich, 29.01.2007

<h2>Again DAB bank exceeds its profit target for the year Management Board member Jens Hagemann to resign at the end of March direktanlage.at CEO Ernst Huber appointed to the DAB bank Management Board</h2> <h1>Munich, 29.01.2007</h1> <div class="editor"> <p>DAB bank earned a pretax profit of 35.0 million euros in fiscal year 2006, easily beating its stated target of 33 million euros for the year. Also, the pretax profit for 2006 was nearly 50% higher than the prior-year figure. At year-end 2006, DAB bank had 29.7 billion euros in customer assets under administration, well ahead of the stated goal of 28 billion euros. In December 2006, the total number of customers crossed the magic threshold of one million to end the year at 1,018,519 customers. The final, audited and certified financial statements for 2006 will be published at the company's annual results press conference to be held in Frankfurt/Main on March 13, 2007.</p> </div> <div class="editor"> <p>Effective March 1, 2007, Ernst Huber, the Chairman of the Management Board of the DAB bank subsidiary direktanlage.at AG, will additionally serve on the Management Board of DAB bank AG. Mr. Huber founded Austria's first discount broker in 1995. Today, direktanlage.at AG is the No. 1 discount broker in Austria, with a market share of about 70%. In recent years, the Austrian subsidiary has been particularly successful in expanding its business with high-net-worth individuals. "Ernst Huber is representative of the success of direktanlage.at in Austria. He is a seasoned executive with extensive experience in the direct banking business who will serve us well," W&ouml;lfer explained.<br> <br> After five years with DAB bank, Management Board member Jens Hagemann will retire effective March 31, 2007, to pursue other opportunities. During his tenure, Mr. Hagemann played a key role in the profitable growth course of DAB bank, helping to make it the No. 1 direct bank for securities-related services in Germany and Austria. "We wish to thank Mr. Hagemann for his outstanding work at DAB bank and wish him all the best for his future," said Andreas W&ouml;lfer, Chairman of the Supervisory Board of DAB bank.</p> </div>
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