DGAP-News
comdirect: Nine-month pre-tax profit of EUR106.9m
DGAP-News: comdirect bank AG / Key word(s): 9-month figures
comdirect: Nine-month pre-tax profit of EUR106.9m
02.11.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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comdirect: Nine-month pre-tax profit of EUR106.9m
02.11.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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comdirect: Nine-month pre-tax profit of EUR106.9m
- Earnings of almost EUR300m in the first nine months
- Return on equity target for 2016 as a whole firmly in sight
- B2C growth: 44 thousand more custody accounts and EUR2.2bn net fund
inflows to custody accounts
- Innovations in the third quarter: multi-banking service and MoBox young
person's app
Quickborn, Germany, 2 November 2016. The comdirect group realised pre-tax
profit of EUR106.9m in the first nine months of 2016 (previous year:
EUR77.9m). "This result puts us on the home stretch towards our
profitability target for 2016 as a whole", says comdirect bank AG CEO Arno
Walter. comdirect announced its return on equity target of over 19% for
2016 as a whole halfway through the year, which was equivalent to pre-tax
profit of over EUR110m. Walter adds, "We really put our foot down over the
last nine months, introducing a new, fresh corporate design and a whole
range of new products and services, including the comdirect trading app,
share savings plans, the ETF bonus savings plan as well as our own consumer
loan product. The MoBox banking app specially designed for young people and
our multi-banking service on the website are brand new." With multi-
banking, comdirect is the first German bank to offer customers the
opportunity to bring together and manage all their accounts, cards and
custody accounts across banks in the Personal Area. comdirect has been
offering a multi-banking service in its banking app for iOS since 2010. The
service is regularly used by around 100 thousand customers. It is now
making the service available centrally via its website, making it similarly
available for all mobile devices. "comdirect is developing from a direct
bank into a digital centre for all customer financial issues. We have taken
a major step here with our multi-banking service, on which further
innovations will be built," says Walter.
The comdirect group generated total income of EUR298.0m in the first nine
months of the year. The increase on the previous year (EUR282.9m) is due to
the non-recurring income of around EUR41m before taxes accrued in the
second quarter resulting from the membership of VISA Europe and its
integration into VISA Inc. USA. The extraordinary income is reported under
- Earnings of almost EUR300m in the first nine months
- Return on equity target for 2016 as a whole firmly in sight
- B2C growth: 44 thousand more custody accounts and EUR2.2bn net fund
inflows to custody accounts
- Innovations in the third quarter: multi-banking service and MoBox young
person's app
Quickborn, Germany, 2 November 2016. The comdirect group realised pre-tax
profit of EUR106.9m in the first nine months of 2016 (previous year:
EUR77.9m). "This result puts us on the home stretch towards our
profitability target for 2016 as a whole", says comdirect bank AG CEO Arno
Walter. comdirect announced its return on equity target of over 19% for
2016 as a whole halfway through the year, which was equivalent to pre-tax
profit of over EUR110m. Walter adds, "We really put our foot down over the
last nine months, introducing a new, fresh corporate design and a whole
range of new products and services, including the comdirect trading app,
share savings plans, the ETF bonus savings plan as well as our own consumer
loan product. The MoBox banking app specially designed for young people and
our multi-banking service on the website are brand new." With multi-
banking, comdirect is the first German bank to offer customers the
opportunity to bring together and manage all their accounts, cards and
custody accounts across banks in the Personal Area. comdirect has been
offering a multi-banking service in its banking app for iOS since 2010. The
service is regularly used by around 100 thousand customers. It is now
making the service available centrally via its website, making it similarly
available for all mobile devices. "comdirect is developing from a direct
bank into a digital centre for all customer financial issues. We have taken
a major step here with our multi-banking service, on which further
innovations will be built," says Walter.
The comdirect group generated total income of EUR298.0m in the first nine
months of the year. The increase on the previous year (EUR282.9m) is due to
the non-recurring income of around EUR41m before taxes accrued in the
second quarter resulting from the membership of VISA Europe and its
integration into VISA Inc. USA. The extraordinary income is reported under
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