Corporate Communications vom 26.04.2012
DAB bank gets off to a good start in financial year 2012, generating a solid profit before taxes of EUR 8.51 million in the first quarter
The profit before taxes for the first quarter of 2012 is on the same level as the strong figure for the first quarter of last year / Significant increases in customer assets and number of customers
Munich, April 26, 2012.
The DAB bank Group, Munich, generated a solid profit before taxes of EUR 8.51 million in the first quarter of 2012, which was on the level of the strong year-ago figure (Q1 2011: EUR 8.59 million). The positive result was aided by the very good net interest income of EUR 14.48 million, which was 13 % higher than the corresponding year-ago figure, and by the solid trading profit and profit from investments, in the amount of EUR 2.33 million. "The improved interest strategy of DAB bank and the increased customer assets had a positive effect on our profit before taxes," said Markus Gunter, Management Board Speaker of DAB bank. Furthermore, the bank´s administrative expenses of EUR 28.45 million were reduced by 2 % from the corresponding year-ago figure.
Both the number of trades executed for customers and the net commission income were higher than the respective figures for the fourth quarter of 2011. In the period from January to March 2012, however, DAB bank´s customers were much more retained in their trading activity than in the first three months of 2011, when trading activity was characterized by the events of Fukushima, among other factors. In the first quarter of 2012,
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