DGAP-News

comdirect bank AG: Good nine-month pre-tax result of EUR 64.9m - Seite 2

We will continue to make it quicker and easier to join us as a customer. As
a result, we will further digitise the account opening process. There
should be no more media discontinuities in future. This means customers can
simply go online and open an account." VideoIdent is a milestone
achievement here. Since mid-October, online applicants have been able to
carry out the proof of identity process that is required to open an account
via video telephony. Customers therefore no longer have to go to a post
office branch. In addition, a new account switching service allows
customers to notify all of their payment partners of their new bank details
quickly and easily online without the time-consuming task of looking up
postal addresses.

In the B2B business line (ebase GmbH), the number of customers fell by 19
thousand to 983 thousand. For seasonal reasons, the decrease affected the
first quarter in particular. Assets under custody climbed to EUR 23.6bn
(year-end 2013: EUR 23.2bn).

At the end of the first nine months, the total number of customers in the
comdirect group stood at 2.85 million and assets under custody increased to
EUR 57.4bn.

Overview*

EUR'000                   Q3/13     Q4/13     Q1/14      Q2/14      Q3/14



Net interest income

after provisions         36,032    34,006    34,854     36,905     37,407

Net commission income    46,503    49,050    51,573     43,787     47,139

Other income                724     3,308     2,510      5,635      1,578

Administrative

expenses                 60,197    72,353    64,808     66,728     64,908

Pre-tax profit           23,062    14,011    24,129     19,599     21,216

After-tax profit         16,760    11,944    17,875     14,494     15,448

EUR'000                          9M/13            9M/14           9M/14 vs.

                                                                      9M/13

Net interest income

after provisions               103,206          109,166                5.8%

Net commission income          139,280          142,499                2.3%

Other income                    11,048            9,723              -12.0%

Administrative

expenses                       187,513          196,444                4.8%

Pre-tax profit                  66,021           64,944               -1.6%

After-tax profit                48,590           47,817               -1.6%

*Figures for prior periods were adjusted due to restatements

For further information on this press release, please contact:
comdirect bank AG, Pascalkehre 15, D-25451 Quickborn