DGAP-News

comdirect bank AG: very strong pre-tax profit of EUR76.2m for the first nine months of the year - Seite 2

totalling EUR2.8bn. Since the start of the year, the number of customers
has increased by 64 thousand to 1.97 million. At the same time, the number
of custody accounts has risen by 47 thousand to 926 thousand while the
number of current accounts has increased by 78 thousand to 1.24 million.
Walter comments: "We are thus currently one of the strongest growing banks,
both for custody accounts and current accounts, in an otherwise stagnating
overall market. To maintain this position, we are continuing to re-envision
banking for our customers and making their lives a little easier." By way
of an example, he cites the bank's new "Sofort-Konto" account which
customers can open in just a few minutes, anytime and anywhere. Walter
adds: "comdirect is the first and only bank in Germany to have established
an entirely digital account-opening and account-switching process."

In the third quarter, comdirect introduced further new offerings through
its cooperation with FinTech companies: from smartPay, an app for the easy
payment of bills, and TopTrade, the social trading platform for
smartphones, to fintego managed Depot, the digital asset management system
from ebase. comdirect is also the first bank in Germany to promote
innovative financial ideas through a specifically established Start-Up
Garage. Start-ups can bring their ideas directly to comdirect, and will
then receive support in developing and testing them. Walter explains: "The
Start-up Garage is a workshop for developing ideas, which offers customers
real added value. At the same time, it helps us to promote the indigenous
FinTech sector. This fits well with comdirect, as just like FinTech
companies, comdirect's DNA is digital through and through."

In the B2B business line (ebase GmbH), the number of customers remained
virtually unchanged compared with the start of the year at 979.5 thousand
(year-end 2014: 982.9 thousand). The vital new customer business has
compensated well for the seasonally-determined cancellations of custody
accounts for capital-building payments (VL). Total assets under custody
amounted to EUR23.75bn, compared with EUR24.19bn at the end of the year.

The comdirect group's total number of customers increased to a record high
of 2.95 million at the end of the first nine months of the year and its
total assets under custody rose to EUR60.76bn (year-end: EUR58.94bn).


Overview

in EUR thousand           Q3 14     Q4 14     Q1 15     Q2 15     Q3 15

Net interest income
after provisions         37,407    36,358    35,179    33,771    32,869