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Corporate Communications vom 14.03.2008

Record dividend for shareholders of DAB bank

<h1>Record dividend for shareholders of DAB bank</h1> <div class="editor"> <p>The Munich-based direct bank publishes its 2007 Annual Report today / Pretax profit for the fourth quarter was 36.7% higher than the year-ago quarter / Earnings per share for 2008 projected to rise 50% to more than 50 cents<br> <br> <strong>Munich, March 14, 2008.</strong><br> The DAB bank Group, which operates in Germany and Austria, published its Annual Report today with the final audited figures for 2007. Yet again, DAB bank increased its pretax profit substantially in 2007, reaching a new record of &euro;45.52 million. This figure is more than ten million euros higher than the pretax profit for 2006 and half a million euros higher than the stated goal for 2007. The net profit after taxes came to &euro;25.71 million or 34 cents per share. At the annual shareholders' meeting to be held later in the year, the Management Board and Supervisory Board of DAB bank will propose distributing this amount in full to the shareholders in the form of a dividend.<br> <br> DAB bank generated total income of &euro;186.54 million in 2007, as compared with administrative expenses of &euro;141.02 million, which brought the cost-income ratio to 75.6%, after 78.7% in 2006. In the fourth quarter of 2007, DAB bank generated a pretax profit of &euro;11.70 million, representing an increase of 36.7% over the year-ago quarter (&euro;8.56 million).<br></p> </div> <div class="editor"> <p>The total number of trades executed at DAB bank climbed 5.7% from 10.89 million in 2006 to 11.51 million in 2007. The trades executed for account of individual investors (in the B2C segment) were 14.7, and those executed for financial intermediaries (in the B2B segment) were an impressive 30.9% higher than the respective figures for 2006. At the end of 2007, DAB bank carried a total of 1,106,322 securities accounts, representing an increase of almost 90,000 during the course of one year. This increase was especially impressive in the individual investors segment (B2C), where the number of securities accounts was nearly 50,000 higher than the year-ago figure of 486,985. The other segments of financial intermediaries (B2B) and FondsServicebank each added more than 20,000 securities accounts, bringing their totals at December 31, 2007 to 114,375 and 504,962, respectively. For the group as a whole, the customer assets under custody rose 10.8% to &euro;32.82 billion at the end of 2007.<br> <br> In 2008, DAB bank intends to focus on its active traders in particular. "We will be introducing some new features for this target group in the coming months," said Alexander von Uslar of the DAB bank Board of Management. "Among other things, we will introduce a new trading tool for professional traders. Also, we will expand and considerably improve the options for trading in the global stock markets."<br> <br> For the current business year, the Munich-based direct bank has set itself the goal of increasing its pretax profit 20% over the year-ago figure, to more than &euro;55 million. That would translate to earnings per share of more than 50 cents.</p> </div> <div class="tableContainerWide"> <h3>Key indicators and operating results from the consolidated financial statements for 2007 of DAB bank AG, according to IFRS:</h3> <table width="100%" cellspacing="0" cellpadding="1" border="1" align="" class="tableContent"> <thead> <tr class="each"> <th scope="col"><strong>Key indicators</strong></th> <th scope="col"><strong><br></strong></th> <th align="center" scope="col"><strong>2007<br></strong></th> <th align="center" scope="col"><strong>2006</strong></th> <th align="center" class="last" scope="col"> <strong>Change</strong></th> </tr> </thead> <tbody> <tr class="odd"> <td>Securities accounts</td> <td align="center">No.</td> <td width="15%" align="right">1,106,322</td> <td width="15%" align="right">1,018,519</td> <td width="15%" align="right" class="last">+8.6 %</td> </tr> <tr class="each"> <td>Trades executed</td> <td align="center">No.</td> <td width="15%" align="right">11,507,017</td> <td width="15%" align="right">10,890,064</td> <td width="15%" align="right" class="last">+5.7 %</td> </tr> <tr class="odd"> <td>Trades per securities account<br> <sup>(annualized)</sup></td> <td align="center">No.</td> <td width="15%" align="right">10.84</td> <td width="15%" align="right">11.03</td> <td width="15%" align="right" class="last">-1.7 %</td> </tr> <tr class="each"> <td>Customer assets under custody</td> <td align="center">&euro; bn</td> <td width="15%" align="right">32.82</td> <td width="15%" align="right">29.63</td> <td width="15%" align="right" class="last">+10.8 %</td> </tr> <tr class="odd"> <td>thereof in investment funds</td> <td align="center">&euro; bn</td> <td width="15%" align="right">18.12</td> <td width="15%" align="right">17.06</td> <td width="15%" align="right" class="last">+6.2 %</td> </tr> <tr class="each"> <td><strong>Operating results</strong></td> <td align="center"><br></td> <td width="15%" align="right"><br></td> <td width="15%" align="right"><br></td> <td width="15%" align="right" class="last"><br></td> </tr> <tr class="odd"> <td>Net financial income*</td> <td align="center">k&euro;</td> <td width="15%" align="right">36,888</td> <td width="15%" align="right">30,275</td> <td width="15%" align="right" class="last">+21.8 %</td> </tr> <tr class="each"> <td>Net commission income</td> <td align="center">k&euro;</td> <td width="15%" align="right">142,980</td> <td width="15%" align="right">128,590</td> <td width="15%" align="right" class="last">+11.2 %</td> </tr> <tr class="odd"> <td>Administrative expenses</td> <td align="center">k&euro;</td> <td width="15%" align="right">141,019</td> <td width="15%" align="right">129,037</td> <td width="15%" align="right" class="last">+9.3 %</td> </tr> <tr class="each"> <td>Pretax profit</td> <td align="center">k&euro;</td> <td width="15%" align="right">45,515</td> <td width="15%" align="right">35,006</td> <td width="15%" align="right" class="last">+30.0 %</td> </tr> <tr class="odd"> <td>Net profit after taxes</td> <td align="center">k&euro;</td> <td width="15%" align="right">25,711</td> <td width="15%" align="right">21,971</td> <td width="15%" align="right" class="last">+17.0 %</td> </tr> <tr class="each"> <td>Cost-income ratio</td> <td align="center">in %</td> <td width="15%" align="right">75.6</td> <td width="15%" align="right">78.7</td> <td width="15%" align="right" class="last">-3.9 %</td> </tr> <tr class="odd"> <td>Return on equity before taxes</td> <td align="center">in %</td> <td width="15%" align="right">25.3</td> <td width="15%" align="right">20.2</td> <td width="15%" align="right" class="last">+25.2 %</td> </tr> <tr class="each"> <td>Earnings per share</td> <td align="center">&euro;<br></td> <td width="15%" align="right">0.34</td> <td width="15%" align="right">0.29</td> <td width="15%" align="right" class="last">+17.2 %</td> </tr> </tbody> </table> </div> <div class="tableContainerWide"> <h3>Kennzahlen und Ergebnisse des Konzernabschlusses 2007 der DAB bank AG nach IFRS:</h3> <table width="100%" cellspacing="0" cellpadding="1" border="1" align="" class="tableContent"> <thead> <tr class="each"> <th scope="col"><strong>Key indicators</strong></th> <th scope="col"><strong><br></strong></th> <th align="center" scope="col"><strong>Q4/2007</strong></th> <th align="center" scope="col"><strong>Q3/2007</strong></th> <th align="center" scope="col" class="last"> <strong>Q4/2006</strong></th> </tr> </thead> <tbody> <tr class="odd"> <td>Securities accounts</td> <td align="center">No.</td> <td width="15%" align="right">1,106,322</td> <td width="15%" align="right">1,094,959</td> <td width="15%" align="right" class="last">1,018,519</td> </tr> <tr class="each"> <td>Trades executed</td> <td align="center">No.</td> <td width="15%" align="right">2,910,234</td> <td width="15%" align="right">2,677,190</td> <td width="15%" align="right" class="last">2,590,831</td> </tr> <tr class="odd"> <td>Trades per securities account<br> <sup>(annualized)</sup></td> <td align="center">No.</td> <td width="15%" align="right">10.58</td> <td width="15%" align="right">9.82</td> <td width="15%" align="right" class="last">10.30</td> </tr> <tr class="each"> <td>Customer assets under custody</td> <td align="center">&euro; bn</td> <td width="15%" align="right">32.82</td> <td width="15%" align="right">32.79</td> <td width="15%" align="right" class="last">29.63</td> </tr> <tr class="odd"> <td>thereof in investment funds</td> <td align="center">&euro; bn</td> <td width="15%" align="right">18.12</td> <td width="15%" align="right">17.82</td> <td width="15%" align="right" class="last">17.06</td> </tr> <tr class="each"> <td><strong>Operating results</strong></td> <td align="center"><br></td> <td width="15%" align="right"><br></td> <td width="15%" align="right"><br></td> <td width="15%" align="right" class="last"><br></td> </tr> <tr class="odd"> <td>Net financial income*</td> <td align="center">k&euro;</td> <td width="15%" align="right">12,353</td> <td width="15%" align="right">11,057</td> <td width="15%" align="right" class="last">9,650</td> </tr> <tr class="each"> <td>Net commission income</td> <td align="center">k&euro;</td> <td width="15%" align="right">35,323</td> <td width="15%" align="right">34,295</td> <td width="15%" align="right" class="last">32,072</td> </tr> <tr class="odd"> <td>Administrative expenses</td> <td align="center">k&euro;</td> <td width="15%" align="right">38,153</td> <td width="15%" align="right">34,574</td> <td width="15%" align="right" class="last">34,873</td> </tr> <tr class="each"> <td>Pretax profit</td> <td align="center">k&euro;</td> <td width="15%" align="right">11,703</td> <td width="15%" align="right">11,140</td> <td width="15%" align="right" class="last">8,562</td> </tr> <tr class="odd"> <td>Net profit after taxes</td> <td align="center">k&euro;</td> <td width="15%" align="right">6,926</td> <td width="15%" align="right">4,289</td> <td width="15%" align="right" class="last">5,191</td> </tr> <tr class="each"> <td>Cost-income ratio</td> <td align="center">in %<br></td> <td width="15%" align="right">76.5</td> <td width="15%" align="right">75.6</td> <td width="15%" align="right" class="last">80.3</td> </tr> <tr class="odd"> <td>Earnings per share</td> <td align="center">&euro;<br></td> <td width="15%" align="right">0.09</td> <td width="15%" align="right">0.06</td> <td width="15%" align="right" class="last">0.07</td> </tr> </tbody> </table> </div> <div class="editor"> <p>* Net financial income = Net interest income before credit risk provisions + Trading profit or loss + Net profit or loss from investments</p> </div>
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