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Corporate Communications vom 19.02.2008

Munich, February 19, 2008.

<div class="editor"> <p>Dividend of 34 cents proposed / Business goals for 2008 announced: Pretax profit at least &euro;55 million<br> <br> <strong>Munich, February 19, 2008.</strong><br> The DAB bank Group, which operates in Germany and Austria, reported a substantial increase in its pretax profit for the fifth year in a row, and a new record profit for 2007. The pretax profit for 2007 came to &euro;45.52 million, representing a 30.0% increase over the corresponding year-ago figure of &euro;35.01 million. Thus, the company&rsquo;s stated full-year profit target of &euro;45 million was exceeded. The net commission income jumped 11.2%, from &euro;128.59 million to &euro;142.98 million, while the net financial income soared 21.8%, from &euro;30.28 million to &euro;36.89 million, surpassing the stated goal of &euro;36 million. The administrative expenses rose 9.3%, from &euro;129.04 million to &euro;141.02 million. The cost-income ratio came to 75.6%, as compared with 78.7% in 2006.<br> <br> The most important operational performance indicators also showed a positive development in 2007. The number of customer securities accounts rose by nearly 90,000, from 1,018,519 to 1,106,322. In total, DAB bank executed 11.51 million trades for its customers in 2007, 5.7% more than in 2006 (10.89 million). &ldquo;Although the past year was difficult on the whole for the banking sector, we actually benefited from the current financial crisis, because our customers were extremely active in 2007 due to the heightened volatility of the markets,&rdquo; said Alexander von Uslar of the Management Board of DAB bank.</p> </div> <div class="editor"> <p>Also, the customer assets held in custody increased significantly from &euro;29.63 billion at the end of 2006 to &euro;32.82 billion at December 31, 2007, representing an increase of 10.8%.<br> <br> DAB bank&rsquo;s net profit after taxes and minority interests amounted to &euro;25.71 million. A proposal will be made to the annual shareholders&rsquo; meeting to be held on May 8, 2008 to distribute this entire net profit to the shareholders as a dividend. Thus, this year&rsquo;s dividend would be &euro;0.34 per share, about 17% higher than the previous year&rsquo;s dividend of 29 cents per share. Once again, the dividend will be paid on a tax-exempt basis.<br> <br> DAB bank has also announced its business goals for the current year 2008. For the full year, the Munich-based direct bank will seek to boost its consolidated pretax profit by another 20% to at least &euro;55 million. That would translate to earnings per share of more than &euro;0.50. Also, DAB bank will seek to lower its cost-income ratio to less than 71% and increase its customer assets under custody to more than &euro;34 billion by year&rsquo;s end. &ldquo;We have gotten off to an excellent start in 2008 and are very confident of being able to achieve our ambitious full-year goals yet again,&rdquo; Alexander von Uslar said.<br> <br> The figures announced in this press release are not certified. DAB bank will publish its definitive, certified financial figures for 2007 at the annual results press conference to be held in Munich on March 13, 2008.</p> </div> <div class="tableContainerWide"> <h3>Key indicators and operating results of the consolidated financial statements of DAB bank AG for 2007, according to IFRS:</h3> <table width="100%" cellspacing="0" cellpadding="1" border="1" align="" class="tableContent"> <thead> <tr class="each"> <th scope="col">Key indicators<br></th> <th scope="col"><br></th> <th scope="col">2007<br></th> <th scope="col">2006<br></th> <th class="last" scope="col">Change<br></th> </tr> </thead> <tbody> <tr class="odd"> <td>Securities accounts<br></td> <td>No.<br></td> <td>1,106,322<br></td> <td>1,018,519<br></td> <td class="last">+8.6%<br></td> </tr> <tr class="each"> <td>Trades executed<br></td> <td>No.<br></td> <td>11,507,017<br></td> <td>10,890,064<br></td> <td class="last">+5.7%<br></td> </tr> <tr class="odd"> <td>Trades per securities account<br> <sup>(annualized)</sup><br></td> <td>No.<br></td> <td>10.84<br></td> <td>11.03<br></td> <td class="last">-1.7%<br></td> </tr> <tr class="each"> <td>Customer assets under custody<br></td> <td>&euro; bn<br></td> <td>32.82<br></td> <td>29.63<br></td> <td class="last">+10.8%<br></td> </tr> <tr class="odd"> <td>thereof in investment funds<br></td> <td>&euro; bn<br></td> <td>18.12<br></td> <td>17.06<br></td> <td class="last">6.2%<br></td> </tr> <tr class="each"> <td><strong>Operating results</strong><br></td> <td><br></td> <td><br></td> <td><br></td> <td class="last"><br></td> </tr> <tr class="odd"> <td>Net financial income*<br></td> <td>k&euro;<br></td> <td>36,888<br></td> <td>30,275<br></td> <td class="last">+21.8%<br></td> </tr> <tr class="each"> <td>Net commission income<br></td> <td>k&euro;<br></td> <td>142,980<br></td> <td>128,590<br></td> <td class="last">+11.2%<br></td> </tr> <tr class="odd"> <td>Administrative expenses<br></td> <td>k&euro;<br></td> <td>141,019<br></td> <td>129,037<br></td> <td class="last">+9.3%<br></td> </tr> <tr class="each"> <td>Pretax profit<br></td> <td>k&euro;<br></td> <td>45,515<br></td> <td>35,006<br></td> <td class="last">+30.0%<br></td> </tr> <tr class="odd"> <td>Net profit after taxes<br></td> <td>k&euro;<br></td> <td>25,711<br></td> <td>21,971<br></td> <td class="last">+17.0%<br></td> </tr> <tr class="each"> <td>Cost-income ratio<br></td> <td>in %<br></td> <td>75.6<br></td> <td>78.7<br></td> <td class="last">-3.9%<br></td> </tr> <tr class="odd"> <td>Return on equity before taxes<br></td> <td>in %<br></td> <td>25.3<br></td> <td>20.2<br></td> <td class="last">+25.2%<br></td> </tr> <tr class="each"> <td>Earnings per share<br></td> <td>&euro;<br></td> <td>0.34<br></td> <td>0.29<br></td> <td class="last">+17.2%<br></td> </tr> </tbody> </table> </div> <div class="smallText"> <p>* Net financial income = Net interest income before credit risk provisions + Trading profit or loss + Profit/loss from investments</p> </div>
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