checkAd

    DGAP-News  413  0 Kommentare Strong half-year pre-tax result for comdirect: EUR 43.7m


    DGAP-News: comdirect bank AG / Key word(s): Half Year Results
    Strong half-year pre-tax result for comdirect: EUR 43.7m

    24.07.2014 / 07:30

    ---------------------------------------------------------------------

    Strong half-year pre-tax result for comdirect: EUR 43.7m

    - Record earnings due to strongest first six months in trading and
    all-time high in number of customers and assets under custody

    - Current account remains number one growth driver

    - New online offering "Better financial investments" for everyone: less
    complexity, more transparency

    - Pre-tax profit target for full year 2014: EUR 75m

    Quickborn, 24 July 2014. The comdirect group closed the first six months of
    2014 with pre-tax profit of EUR 43.7m (previous year: EUR 43.0m). "This is
    a strong interim result: while we continue to invest in growth, earnings
    have reached a new record level. Net interest and commission income have
    surpassed the previous year's figures, because our investments in growth in
    earlier years are paying off," says Dr Thorsten Reitmeyer, CEO of comdirect
    bank AG. "In the second half of the year, we will invest even more in
    performance and marketing. At the same time, we aim to achieve a good
    pre-tax result for the year as a whole of EUR 75m," adds Reitmeyer.

    In the first six months of the year, the comdirect group generated total
    income of EUR 175.3m (previous year: EUR 170.3m). One reason for the rise
    to this record level is the extremely active trading by B2C customers (5.4
    million trades). This led to an increase in net commission income of EUR
    2.6m to EUR 95.4m (previous year: EUR 92.8m). With market interest rates
    still low, net interest income after provisions climbed to EUR 71.8m. The
    increase of EUR 4.6m versus the previous year (EUR 67.2m) stemmed from
    growth in customer deposits as well as lower provisions for possible loan
    losses among other factors. At EUR 131.5m, administrative expenses were EUR
    4.2m higher than in the previous year (EUR 127.3m). This rise is
    attributable to the increasing size of the bank as well as investment in
    further growth.

    The B2C business line (comdirect bank AG) sustained the fast pace of growth
    in the first half of the year and set new records in terms of the number of
    customers and assets under custody. The number of customers has increased
    by 23 thousand to 1.85 million since the start of the year. Assets under
    custody climbed to EUR 33.62bn compared with EUR 31.89bn at the end of
    2013. In addition to price effects, net fund inflows of EUR 865m
    Seite 1 von 3


    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    DGAP-News Strong half-year pre-tax result for comdirect: EUR 43.7m DGAP-News: comdirect bank AG / Key word(s): Half Year Results Strong half-year pre-tax result for comdirect: EUR 43.7m 24.07.2014 / 07:30 --------------------------------------------------------------------- Strong half-year pre-tax result for …